Crypto market intelligence company Inwara released a
report into blockchain and cryptocurrency startup funding. It shows that in the first half of 2019, token offerings raised $3.39 billion, compared to more than $15 billion in the same period of 2018. By comparison, venture funding faired slightly better with $1.26 billion invested compared to $4.2 billion in the first half of 2018.
For token offerings, Inwara split the fundings into Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEO) managed by crypto exchanges, and Security Token Offerings (STOs).
583 Token Offerings were launched during the first six months of 2019, of which 69% were ICOs, 21% IEOs and 10% STOs. 66 (11.3%) were in the U.S., followed by Singapore with 52, and the U.K. with 50. China was a distant fourth with 31, but it was second with IEO’s which raised significant sums.
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