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PwC’s global consulting subsidiary Strategy& suggests that the Security token offerings (STO) have been gaining more traction than the initial coin offerings (ICO), in its fourth ICO and STO report that was developed in collaboration with the Swiss Crypto Valley Association.
The joint report states that STOs “are not fundamentally different from ICOs,” the STOs are basically “a more mature and regulated form” of fundraising. It noted that as per the definition of a security, the tokens sold under an STO can provide investors with various financial rights.
STOs vs ICOs
Released on March 8, the report further claims STOs combine a number of ICO features, including low entry barriers for investors, traditional venture capital and private equity fundraising characteristics in like...
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