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EVENT DETAILS |
Initial Coin Offerings (ICOs) have become a major fundraising phenomenon with over a $2bn raised in 2017 alone.
This form of raising capital has appeared to be far more frictionless & less burdensome than series A raises & Initial Public Offerings & can be performed for a fraction of the price. However, this remains acontroversial area as the regulations that govern ICOs have been somewhat of a grey area, & the SEC has recently made statements that cast into doubt whether fundraising of this nature can truly be legal.
This has implications for wealth managers, custodians, brokers & investment banks.
For wealth managers, clients are increasingly expecting them to manage alternative asset classes, such as ICOs, as part of an overall investment approach. Custodians need to determine how to handle the ownership rights inferred in ICOs. Brokers will need to consider whether to start providing the ability to trade ICO tokens in the secondary market. Investment banks will not be immune either, with Series A,B & Initial Public Offerings now potentially augmented with an option to issue an ICO,thisrepresents a sizeable potential market.
In this session, we have brought together the best & brightest to discuss the implications for the Financial ServicesIndustry. In this panel we will hear from four industry experts
Benjamin Jesselis Capco's global blockchain lead & has led a number of major industry blockchain initiatives.
David Sorinis an office managing partner of McCarter & English & Co-Chair of the firm's Venture Capital & Emerging Growth Companies practice.
Michael Kapilkovserves as an ICO advisor for CREDITS, Pundi X & CRYPTYK. He has been involved in the blockchain space since 2015 & has founded several blockchain startups.
Wanlin Wangis the overseas president of Bibox: an AI driven digital asset exchange. Wang in charge of Bibox's ICO, a top 3 ICO ranked globally among all ongoing & recently ended ICOs according to ICO Scanner.
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