On March 20th, Lewis Cohen of Hogan Lovells and Joshua Ashley Klayman of Morrison & Foerster presented the LSTA’s afternoon webinar, “Token Sales for Bankers” which built on the topics raised in February’s webinar on cryptocurrencies and examined how blockchain technology and token sales are impacting capital raising. Not every digital token is a cryptocurrency; rather, a cryptocurrency is a specific type of digital token. It’s estimated that more than $5 billion was raised through token sales in 2017, and that amount is expected to increase exponentially in 2018.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.