Here’s Why Blockchain Companies Are Moving Away From ICOs

PMBC Group’s client, CrowdfundX, was featured in The Merkle.

ICOs have gotten a bad name. And given the fact that we’re constantly hearing about scams and illicit dealings, it isn’t hard to see why. Then there are the well-intentioned ideas that don’t make it to the first line of code, and the omnipresent threat of the SEC hovering like a black cloud.

Darren Marble, CEO of CrowdfundX, a fintech company that markets Reg A+ IPOs and compliant ICOs (most notably KodakCoin), has a few words of advice on the subject.

“The SEC has made clear that, at the moment, all ICOs they have seen appear to be securities. This has led to a movement in the US towards Security Token Offerings, STOs. At some point in the near future, security tokens will trade on regulated secondary exchanges such as tZERO, Coinlist, or even NASDAQ.”

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