Beyond bricks and mortar : Financing the intangible economy
Kay McCarthy, Head of Jersey Office at The International Stock Exchange (TISE), explores how intellectual property, software and brands are changing the way companies raise capital.
For much of modern financial history, a company’s ability to raise capital was closely linked to the tangible assets it owned. Factories, aircraft, ships, machinery and commercial property formed the foundation of investment and lending, providing collateral that could be independently valued, financed and sold if necessary.