KPMG started taking on ICO clients mid-last year after almost nonstop interest, said Eamonn Maguire, U.S. blockchain lead at the firm. “Every day we’re getting outreach regarding ICOs,” he said. EY also said it has received daily inquiries for ICO consulting this year but declined to disclose the names of any clients.
“We are selectively working around the firm to help companies do ICOs, both domestically and internationally,” said Jeffrey Grabow, the U.S. venture capital lead at EY. In each offering, the firm is being particularly careful to communicate the various risks that are involved in the projects, he said. “We’ve been watching it evolve over time and are constantly figuring out what role we can and should play.”
This article was provided by Bloomberg News.