This report focuses on funding rounds completed in the month of July 2019 with the aim to provide an overview of current STO funding activity.
- There were 6 STOs that raised $8.3M in the month
- All deal sizes were < $10m, representing an average transaction of $1.4m
- 100% of total funds raised was from the Financial Services industry
- 67% of offerings were incorporated and issued from the United States
- 83% of deals were structured as debt offerings
- Ethereum and the ERC20 protocol are the preferred technological uses