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2018-10-12 — bloomberg.com

Startups raised less than $300 million in September, the smallest amount since May 2017, according to data complied by Autonomous Research. That's down 90 percent from the peak amount of about $3 billion accumulated through digital-token sales in January.

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The decline could also be due in part to savvy investors increasingly showing interest in buying equity instead of tokens in startups, Autonomous said. Some projects may also be gearing up to issue so-called security tokens, which are at least expected to be more compliant with existing regulations.

Calm before the STO (security token offering) storm?

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