One of the pillars of traditional finance, Deloitte, has produced an online 20 page report discussing the history, structure and public perception of tokens distributed through initial coin offerings (ICOs).
Mainstream Adoption of ICO Model?
Established in 1845, the company is well acquainted with the regulations associated with traditional initial public offerings (IPOs) and the subsequent listings on worldwide stock exchanges. The recent publication appears to be part of what is considered a wider shift within mainstream circles towards accommodation of the difficult but unavoidable questions raised by tokenised sale models.
The financial accounting, auditing and advisory firm admit there are no rules on how to roll out ICOs but they have patently studied various examples to formulate a pattern that is apparent to most projects.
As well as highlighting six key considerations for successful ICOs they recognise the major risk for any digital token is that it will be subject to speculative price pressure as soon as it hits the open market.
The authors of ICOs – The New IPOs? How to fund innovation in the crypto age, also focus on the impact of offerings on regular crowdfunding platforms and venture capitalists.
Concluding with an overview of the services the company can offer prospective ICO initiators, the overall tone is both positive and informative, mirroring a similar posture adopted by the SEC in a statement made public two days ago.
Read the full report here: ICOs – The New IPOs? How to fund innovation in the crypto age