Stock exchange Nasdaq vice chairman Bruce Aust has claimed that the initial coin offering (ICO) is still very immature as a funding method and that the stock exchange is still the best place for companies to raise money. He further stated that ICOs are still in their early stages and offer high risks to investors.
In an interview with CNBC at the Web Summit tech conference that was held in Lisbon, Portugal in early November 2017, Aust argued that the Blockchain technology-based ICOs are still in their “infancy” and the stock exchange is still the best bet for raising company capital.