March 2019

The Rising Popularity of Initial Coin Offerings: Global Snapshot of Regulators’ Perspectives

An initial coin offering or ICO is a new method of capital raising used mainly by tech start-ups where new blockchain-enabled digital tokens are created and offered for public sale. Digital tokens under an ICO will typically entitle holders to a right derived from the business of the issuer, be it the right to a profit and/or a right of use and would often also be listed and tradeable on a cryptocurrency exchange for fiat currency.

Initial coin offerings are currently all the rage. In this article, Yap Lian Seng, Managing Partner of ZICO Insights Law LLC (a member of ZICO Law) together with Heng Jun Meng and Lee Chongshen share their insights on global regulatory stances towards initial coin offerings.

Subject matters: Alternative Capital
Jurisdictions: Singapore
Other Resources


On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

For more information and to see how we can assist you in your desired jurisdiction, please follow the links below: