This report focuses on Q2 of 2019 and how it compares to previous quarters, with the aim to provide an overview of the current STO funding activity. In our report we look at those STOs that have completed a funding round in Q2 and break these down by deal size, industry, geographic, asset class and technology. Further we cover the success rate of STO’s year to date and how they fared in Q2.
Key highlights are:
● There were 11 STOs that raised $40.4M in the quarter
● Majority of deal sizes were < $10m, representing an average transaction of $3.6m
● The FinTech industry recorded the highest funding in the quarter of $20m
● 92% of offerings were incorporated and issued from the United States
● STO success rate reduced to 75% in this period with 4 unsuccessful offerings
● 9 offerings extended their STO for a later date
● 82% of issuers, elected Ethereum as their blockchain of choice
Read the full report here
Disclaimer: This publication is for informational purposes only. Although we believe our data is an accurate representation of the STO market, there may be deviations from the actual market. Content is based on information from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. This publication should not be construed as any past, current or future recommendation to buy or sell any security or an offer to sell, or a solicitation of an offer to buy any security. This material is not a substitute for professional advice or services, and should not be relied upon as a basis for any investment or independent judgement.
