Initial Token Offering

Definition ∞ An Initial Token Offering (ITO) is a fundraising method where a new project issues and sells its unique digital tokens to early supporters and investors. This process allows projects to secure capital for development and operations, often providing purchasers with utility within the project’s ecosystem or governance rights. ITOs represent a distinct approach to capital formation compared to traditional venture funding. Participants acquire tokens in anticipation of future project growth or utility.
Context ∞ Initial Token Offerings are subject to considerable regulatory scrutiny, with authorities worldwide working to classify tokens as securities or commodities. This regulatory uncertainty creates a complex environment for projects seeking to launch ITOs and for investors considering participation. News often highlights enforcement actions, new guidelines, or the evolving legal interpretations that shape the landscape of digital asset fundraising.

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→Investor Protection Standard

→Operationalizing Compliance

→Programmatic Token Transfers

SEC Staff Issues DePIN Token No-Action Letter Clarifying Distribution Path

The SEC staff's targeted NAL establishes a critical, albeit non-binding, precedent for utility token distribution and network launch compliance.

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→Exchange Infrastructure

→Regulatory Compliance

→Primary Market

Coinbase Launchpad Opens Regulated Gateway for New Protocol Token Sales

This regulated, allocation-based launchpad abstracts the typical gas-war friction, establishing a compliant, institutional-grade on-ramp for primary token distribution to millions of verified users.

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→Capital Formation

→Initial Token Offering

→Project Vetting

Coinbase Launchpad Platform Unlocks Regulated Capital Access for New Protocols

The new regulated launchpad abstracts high-friction token sales into a fair request window, professionalizing the Web3 capital formation funnel for builders.

Initial Token Offering

SEC Staff Issues DePIN Token No-Action Letter Clarifying Distribution Path

Coinbase Launchpad Opens Regulated Gateway for New Protocol Token Sales

Coinbase Launchpad Platform Unlocks Regulated Capital Access for New Protocols

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