Let’s say you are a digital entrepreneur in Ulan Bator with a game-changing product/idea. Your location precludes traditional VC. You are not interested in your home market (Mongolia), your product is global. Where do you register your company? In ye olden days, the answer would have been restricted to setting up in Mongolia. Now as you think globally and you think about raising money via an ITO, you have choices. The two most forward looking in this space are Estonia and Delaware. I deliberately used the example of an entrepreneur in Ulan Bator to eliminate home country bias. If you are in America, you have a home bias to Delaware. If in Europe, you have a home bias to Estonia.
There are other jurisdictions – UK, Switzerland, Malta in Europe and Singapore in Asia come to mind.
Delaware has great strength in traditional equity and is forward-looking on Blockchain. Estonia is a leader in e-residency and as the home of Skype in its early days has decentralization in its DNA.
Who has experience to share on these two jurisdictions? Or other jurisdictions that have a lot to offer in ITOs?