Initial Crypto-asset Offerings (ICO), tokenization and corporate governance

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Initial Crypto-asset Offerings (ICO), tokenization and corporate governance. / Blemus, Stephane; Guegan, Dominique.

In: Capital Markets Law Journal, Vol. 15, No. 2, 01.04.2020, p. 191-223.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Blemus, S & Guegan, D 2020, 'Initial Crypto-asset Offerings (ICO), tokenization and corporate governance', Capital Markets Law Journal, vol. 15, no. 2, pp. 191-223.

APA

Blemus, S., & Guegan, D. (2020). Initial Crypto-asset Offerings (ICO), tokenization and corporate governance. Capital Markets Law Journal, 15(2), 191-223.

Vancouver

Blemus S, Guegan D. Initial Crypto-asset Offerings (ICO), tokenization and corporate governance. Capital Markets Law Journal. 2020 Apr 1;15(2):191-223.

Author

Blemus, Stephane ; Guegan, Dominique. / Initial Crypto-asset Offerings (ICO), tokenization and corporate governance. In: Capital Markets Law Journal. 2020 ; Vol. 15, No. 2. pp. 191-223.

Bibtex

@article{706f8e104b624e288fc9a765d3b2fd25,
title = "Initial Crypto-asset Offerings (ICO), tokenization and corporate governance",
abstract = "This interdisciplinary article discusses the potential consequences due to distributed ledger technology (DLT), tokenization as well as the emergence of new kinds of firm stakeholders, ie the crypto-assets holders, on the governance of small and medium-sized enterprises (SMEs) as well as of publicly traded companies. Since early 2016, a new way of issuing assets and raising funds has rapidly emerged as a major issue for FinTech founders and financial regulators. Frequently referred to as initial coin offerings, initial token offerings (ITO), token generation events (TGE) or simply {\textquoteleft}token sales{\textquoteright}, we use in our article the terminology initial crypto-asset offerings (ICO), as it describes more effectively than {\textquoteleft}initial coin offerings{\textquoteright} the vast diversity of assets (utility tokens, security tokens, crypto-currencies) that could be created and which goes far beyond the sole payment instrument issue.",
keywords = "Faculty of Law, Blockchain, Cryptoassets, Tokenization, Corporate governance",
author = "Stephane Blemus and Dominique Guegan",
year = "2020",
month = apr,
day = "1",
language = "English",
volume = "15",
pages = "191--223",
journal = "Capital Markets Law Journal",
issn = "1750-7219",
publisher = "Oxford University Press",
number = "2",

}

RIS

TY - JOUR

T1 - Initial Crypto-asset Offerings (ICO), tokenization and corporate governance

AU - Blemus, Stephane

AU - Guegan, Dominique

PY - 2020/4/1

Y1 - 2020/4/1

N2 - This interdisciplinary article discusses the potential consequences due to distributed ledger technology (DLT), tokenization as well as the emergence of new kinds of firm stakeholders, ie the crypto-assets holders, on the governance of small and medium-sized enterprises (SMEs) as well as of publicly traded companies. Since early 2016, a new way of issuing assets and raising funds has rapidly emerged as a major issue for FinTech founders and financial regulators. Frequently referred to as initial coin offerings, initial token offerings (ITO), token generation events (TGE) or simply ‘token sales’, we use in our article the terminology initial crypto-asset offerings (ICO), as it describes more effectively than ‘initial coin offerings’ the vast diversity of assets (utility tokens, security tokens, crypto-currencies) that could be created and which goes far beyond the sole payment instrument issue.

AB - This interdisciplinary article discusses the potential consequences due to distributed ledger technology (DLT), tokenization as well as the emergence of new kinds of firm stakeholders, ie the crypto-assets holders, on the governance of small and medium-sized enterprises (SMEs) as well as of publicly traded companies. Since early 2016, a new way of issuing assets and raising funds has rapidly emerged as a major issue for FinTech founders and financial regulators. Frequently referred to as initial coin offerings, initial token offerings (ITO), token generation events (TGE) or simply ‘token sales’, we use in our article the terminology initial crypto-asset offerings (ICO), as it describes more effectively than ‘initial coin offerings’ the vast diversity of assets (utility tokens, security tokens, crypto-currencies) that could be created and which goes far beyond the sole payment instrument issue.

KW - Faculty of Law

KW - Blockchain

KW - Cryptoassets

KW - Tokenization

KW - Corporate governance

UR - https://academic.oup.com/cmlj/article-abstract/15/2/191/5825337

M3 - Journal article

VL - 15

SP - 191

EP - 223

JO - Capital Markets Law Journal

JF - Capital Markets Law Journal

SN - 1750-7219

IS - 2

ER -

ID: 319114020