Share

Financial markets

Initial Coin Offerings (ICOs) for SME Financing

 

initial-coin-offerings-for-SME-financing250x353

Date of publication
15 January 2019

 

 

15 January 2019 - Initial Coin Offerings (ICOs) are one of the most prominent applications of blockchain for finance, allowing for an innovative and inclusive way of financing small and medium-sized enterprises (SMEs). Although the lack of regulatory clarity currently exposes ICO participants to some risks, appropriately regulated and supervised ICOs offer a potential new way to raise capital for projects enabled by Distributed Ledger Technologies and the blockchain.

This report analyses the emergence and potential of ICOs as a financing mechanism for start-ups and SMEs, examines the benefits and challenges of this mechanism for small businesses and investors, and discusses the policy implications of ICO activity for the inclusive financing of SMEs and the real economy.

Download the report

 

Download the highlights

 

 

The report is part of an extended OECD project on SME financing. It also a contribution to the OECD Going Digital project.

 

 

Related Documents