SINGAPORE (July 23): Singapore is now the third-largest initial coin offering market in the world, behind Cayman Islands and the British Virgin Islands, according to a joint report by PwC and Crypto Valley. Money raised from ICOs in Singapore in the first five months of this year has already exceeded what was raised last year, amounting to $1.2 billion.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply