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The 5th ICO/STO Report published by PwC Stratetgy& and CVA

This week saw the publication of the 5th ICO/STO (IEO) report in collaboration with PwC and Strategy&.

The key takeaways are as follows:

Token Offerings and IEO

  • Jan until May 2019: total of 250 token offerings completed, USD 3.3 bnraised capital
  • Since the beginning of 2019, the development of IEO strongly accelerated. The IEO Bitfinex, with USD 1 bncapital raised, was the biggest token offering in 2019.
  • New concept: Initial Exchange Offering, a new crypto fundraising format, by which an ICO/STO is basically conducted on one or multiple platforms of crypto exchanges
  • The innovation of IEO can be seen as a response of established exchangesmoving into crypto emphasizing higher institutionalization and credibility

Cyber Security

  • Cybersecurity, key custody, KYC/AML and capital requirements are the key themes in today‚Äôs crypto finance ecosystem
  • Recent cases of large lossescaused by cyberattacks: Binance & bithumb (wallet), SpankChain (smart contract), Coinbase (attack in terms of double spending)
  • Key custody solutions gain more attention and relevance

Read the full report here.