Capture the industry? Token IPOs aim for $200T global capital market By Cointelegraph

Earlier in May, INX Limited — a Gibraltar-based blockchain trading platform — announced the completion of its INX token sale event, which took place via an initial public offering. The event marked the first time that the United States Securities and Exchange Commission approved a crypto-asset IPO.

The SEC has been consistent in its characterization of most crypto assets as securities. Indeed, this stance has been at the forefront of the commission’s campaign against startups that issued digital assets during the initial coin offering mania of 2017 and 2018.