No Token Response: UNICEF Is Open to Launching Its Own ICO

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So-called token sales or initial coin offerings (ICOs) are getting a nod of approval from an unlikely source.

Revealed in an exclusive interview with CoinDesk, the United Nations Children’s Fund (UNICEF), the U.N. program tasked with providing assistance to children around the globe, said this week it would be open to exploring how it could issue custom cryptocurrencies, either to further its mission or the goals of its partners.

While it might seem surprising that an organization like UNICEF would make such bold claims, it’s actually consistent with the organization’s drive to position itself as a leader in blockchain.

From making its first blockchain investment this year to exploring the creation of an investment fund backed by cryptocurrency, the UN agency has embarked on a widespread effort to utilize the nascent technology.

The co-founder of UNICEF Ventures, Chris Fabian, said the humanitarian and developmental children’s aid organization is open to following the blockchain wherever it leads.

Fabian, who was previously the senior advisor on innovation to the executive office of the U.N. secretary-general, told CoinDesk:

“If we are in a place to look at designing our own token, look at others to help design theirs in a way that we can be a part of, and

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