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Digital Tokens — What are They and Why Do They Matter?

Markets are buzzing about blockchain and cryptocurrency, but as initial coin offerings (ICOs) have exploded onto the scene as a fund-raising device for early-stage companies, regulators have taken notice and directed stern warnings to just about everyone involved.

In this Expert Insight, Jim Walker (Partner and General Counsel, Richards Kibbe & Orbe) takes a step back to unpack what exactly we're talking about when we say "cryptocurrency," and breaks down the process and substance of initial coin offerings.

DISCLAIMER: Because of the generality of this material, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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