According to the Fabric Ventures investment fund report called “The State of the Token Market”, Europe raised almost two times more funds than Asia or U.S. during the ICO in 2018. European ICO projects raised $4.1 billion, while U.S. ICOs attracted $2.6 billion, and Asian ICOs – $2.3 billion.
“Smaller countries like Malta and Lichtenstein have sprinted ahead with open regulatory approaches attempting to become global hubs for decentralised networks and related businesses. Throughout European countries, a competitive race has begun to provide the most founder friendly & forward thinking regulatory environment for decentralised networks and their native crypto-assets.“
According to the report, this year Malta and Gibraltar made a powerful breakthrough in the cryptosphere, the total amount of ICO funds was $300 million. British ICOs collected $490 million, slightly behind Switzerland ($556 million). Lithuania attracted $271 million during the ICOs.
Fabric Ventures stated, $500 million were raised in China, despite the fact that local authorities actually banned ICO. However, China was barely able to outpace Israel (almost $400 million). Singapore leads Asia — about $657 million.
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