Editor’s note: The public launch of our security token, Curzio Equity Owners (CEO) is just around the corner… So, in the coming weeks, we’ll be featuring guest articles by experts in this new asset class.
Today, we welcome first-time contributor Herwig Konings, a founding partner of Security Token Group. He unpacks why security token offerings (STOs) are rapidly taking the place of traditional coin offerings (ICOs)… and why there’s no going back to traditional methods of finance.
Some will look back and say all of this was obvious. Others may have shock from the wake up call they receive. Many will continue to deny and believe.
Below, I am going to dissect the rise and fall of initial coin offerings (ICOs)… and give you the institutional investor’s answer to the ICO.
A new technology
Blockchain has been a new VC investment sector since 2013. The concept was pitched with its first native use case, Bitcoin. Up until the end of 2016, blockchain companies would receive almost $1.5 billion in investments.
