Mar 19, 2018

Shark Tank's O'Leary: Digital coins will replace small-cap stocks

Shark Tank host Kevin O'Leary

Photo by Phillip Faraone/Patrick McMullan via Getty Images

Shark Tank host Kevin O'Leary today told CNBC that he's involved with a $400 million, SEC-approved coin issuance for a one-third stake in a well-known hotel building.

"I am a big believer that asset-based coins will soon replace small-cap stocks."

Bottom line: This would be a taken offering backed by real assets, not by future services as are typical initial coin offerings.

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