News & Insights

End of Q2 2018 ICO Statistics

As at the end of Q2 2018, the Cayman Islands ranked as the leading jurisdiction globally for ICOs (by aggregate funding volume) and was also the jurisdiction of choice for the largest ICO (being EOS² – Unicorn ICO).

Leading ICO countries in 2018 (based on funding volume)

Country	Raised USD mn	Closed ICO	Planned ICOs
Cayman Islands	4,254	10	16
British Virgin Islands	2,227	16	2
Singapore	1,192	53	52
USA	1,092	56	50
UK	507	48	51
Switzerland	456	28	36
Estonia	323	31	40
Lithuania	259	6	5
Israel	226	5	5
Hong Kong	223	20	15

Taken from the Initial Coin Offerings: A Strategic Perspective R eport.

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Chris Humphries

Managing Director and Head of Funds

Tel:+1 (345) 814-7911

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.

“Compact independent firm that remains a sound choice for funds counsel in the jurisdiction. Well versed in acting for fund managers, promoters and international investors, providing guidance on the structuring and formation of funds, portfolio transactions and regulatory compliance issues, as well as restructuring and litigation. Notable for its expertise in cryptocurrency funds and related investments.”
Publication Recognition - Chambers & Partners
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Publication Recognition - Legal 500
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Fund Client Testimonial - IFLR 1000
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Client Testimonial - Chambers & Partners
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Fund Client Testimonial - Legal 500
“The partners roll up their sleeves, take great pride in the work they do and go to great lengths to make themselves available.”
Client Testimonial - Chambers & Partners
“Stuarts Walker Hersant Humphries, understands the complex issues we face and the firm offers substantial value in relation to the fees charged.”
Legal 500
“They are very thorough, knowledgeable and most importantly very responsive.”
Fund Client Testimonial - IFLR 1000
“Their strongest point is their customer service. They are incredibly responsive and helpful in meeting our deadlines.”
Fund Client Testimonial - Chambers & Partners
“They provide straightforward, practical advice and the level of attention we receive is very high. They are good at dealing with commercial matters in a commercial context.”
Legal 500

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