Tokenized Fund-of-Funds to Raise $100 Million Via ICO
A new tokenized fund-of-funds was announced yesterday that aims to raise up to $100 million via an initial coin offering.
Mohamed El-Erian, the chief economic advisor for Allianz, said Tuesday that he believes cryptocurrencies will become more “widespread” but as part of a broader ecosystem.
Security token startup Harbor is offering its first private placement, allowing investors to buy into a high-rise property.
Token issuers looking to fund their businesses with the proceeds should "start with the assumption that it's a securities offering," according to the SEC's Jay Clayton.
The cryptocurrency community still has plenty of questions about taxation and regulation, especially as the ICO space heats up.
The ICO community must self-regulate to lessen the blows likely to come from enforcement and regulatory actions, said speakers at Consensus: Invest.