Survey shows: 26% of STOs in Europe have failed or been cancelled

According to Fintelum data, as of now, 26% of European securities-based token products (STO) have failed or been canceled. Failures are caused by a variety of reasons, mostly because the team did not raise enough funds to find the ideal sales. Partner. The survey also showed that 17% of STOs successfully completed sales and 34% of STOs are still in progress.