Everyone Can be a Publicly Traded Crypto Security Now.

Some say the measure is long overdue, since kids are allowed to start a business as early as 12 and the fund raising options available to them are very limited. Some strings are attached to ICOs though, as only a short list of blockchains with government license can be used to issue individualized crypto tokens. The investment product can only be pitched to qualified investors, but ETFs (exchange traded funds) on indexes are  available on the market for retail buyers. 

In light of the news, many teens are now considering ICOs to pay for their high school advanced courses, college tuitions, and other extracurricular expenses. Some of the issuers promote significant payouts from their future careers. Michael Jordan III, the grandson of the Chicago Bulls legend, managed to raise over $40M despite the fact that he probably doesn’t  need it to pay for college. 

“In effect, every young person can now  be a publicly traded security .” Said Galaxy Digital Novogratz. “The price of the instrument is as volatile as … well … teenagers are, but with the right diversification, individual crypto tokens have  good growth potential”. 

While future payouts are not contractually enforced, many investors treat tokens as speculative growth stocks, with future dividends firmly in mind. Their logic is that some of the issuers will  manage  to grow their personal crypto currency to later convert it into debt or business equity. 

“You can not enforce the payout by garnishing future wages, the student protection act forbids it, and in the end most of the tokens will go to zero, but you only need a few home runs to pay for the rest.” - said a representative from Sequoia Capital, - underwriter of the ICOs and active participant in the secondary market. 

As some of the tokens have already hit significant market capitalization milestones, the new ETF, tracking generation ZY crypto tokens, has gone live and started trading this year. The fund includes the tokens of the 500 most valuable teens who are about to start college. “It is a long term investment”, - said Kathie Wood of Ark Invest. “But so far it’s outperforming generation ZX.”