Initial Coin Offerings (ICOs) for SME Financing

This paper 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.

What will you learn from this e-book:

Initial Coin Offerings (ICOs) for SMEs
The importance of the ecosystem for ICOs: Network effects
“Tokenomics”: the economics of ICOs
ICOs vs. traditional financing channels for SMEs
ICOs for SMEs

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