[charlesdm]

Yes, absolutely. ICOs are the wild west right now, but I think most developed countries will eventually introduce IPO-light regulation for token issuers so that this becomes a completely legal and viable way to raise capital. Mind: this is longer term, not for tomorrow.

Legal and other costs should come down a lot as well, as these things will end up being more standardised. You won't need to pay millions in legal fees, perhaps tens or (at most) hundreds of thousands.

In general I think the value in crypto will come from offering liquidity in certain situations by tokenising (perhaps smaller) assets (e.g. make it easy to sell a property ownership share with rental income in a SF office building through some token to an investor in Germany), and generally making a lot of "expensive" things more efficient by cutting out the middleman.