Clients of the world's four largest professional services firms are expanding their interest in the blockchain sector in line with its recent explosion of experimentation.
According to representatives from Deloitte, EY, KPMG and PwC, both existing and prospective clients are beginning to ask questions about initial coin offerings (ICOs), the process by which public blockchain technologies can be leveraged to create custom cryptocurrencies that are subsequently sold to fund projects.
With the novel funding method grabbing headlines, Eamonn Maguire, who leads KPMG's Digital Ledger Services division, said he has even received requests to work with entrepreneurs seeking to become the next Tezos or EOS, both projects that have raised hundreds of millions by selling cryptographic tokens.
Representatives for Deloitte further indicated that they were receiving increasing interest on the topic, as did EY, which reported starting new conversations with "wealth and asset managers" on how they can begin managing cryptocurrencies and ICO tokens.
