About the Author

Rhea Thomas

Senior Economist

Rhea is a Senior Economist at Wilmington Trust, responsible for monitoring and analyzing economic developments in domestic and international economies.

Prior to joining Wilmington Trust, Rhea served as Vice President in Foreign Exchange Sales at Lehman Brothers, where she provided primary sales coverage to institutional clients. Earlier in her career, she focused on foreign exchange research, where she helped to build models and write publications to explain currency market movements and trade ideas.

Rhea holds a bachelor’s degree in Economics and International Studies with Distinction from Yale University.

By the Author

Initial Coin Offerings

Rhea Thomas |
Wilmington Wire

October 24, 2017— Initial coin offerings (ICOs), a new form of fundraising for blockchain-based[1] startups, have been front and center in the cryptocurrency world in recent months as activity has risen exponentially (please see ABCs of bitcoin for more background on bitcoin and cryptocurrencies). ICOs have raised just over $2bn in funds in 2017 (as of end of 3Q) compared to just $104mn in all of 2016.