Blockchain-Based Securities Offerings

30 Pages Posted: 28 Jun 2019 Last revised: 5 Dec 2019

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Samuel Evans

PriceWaterhouseCoopers LLP

Date Written: June 27, 2019

Abstract

Blockchain technology has the potential to supplement the existing infrastructure for securities offerings. After examining the shortcomings of historical attempts, the article analyses the redeeming features of blockchain-based securities offerings including lower overall cost structure, substantially reduced settlement cycle, counter-party risk and systemic risk reduction, enhanced transparency, among others. The authors examine the tradeoffs between opportunities and risks of blockchain-based securities offerings.

Keywords: Blockchain, Distributed Ledger Technology, Data Scientists, Meta Models, Innovation, Private Investment Funds, Crypto Investments, Crypto Economy, Crypto Currencies, Diversification, Compliance, Optimization, Efficiency, Overstock, Securities Offerings, Federal Securities Regulation

JEL Classification: F33, G15, G23, G28, K22

Suggested Citation

Kaal, Wulf A. and Evans, Samuel, Blockchain-Based Securities Offerings (June 27, 2019). UC Davis Business Law Journal (2020), U of St. Thomas (Minnesota) Legal Studies Research Paper No. 19-22, Available at SSRN: https://ssrn.com/abstract=3411110 or http://dx.doi.org/10.2139/ssrn.3411110

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

Samuel Evans

PriceWaterhouseCoopers LLP ( email )

1301 Avenue of the Americas
New York, NY 10019
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
187
Abstract Views
1,928
Rank
248,465
PlumX Metrics