TaaS Announces “Bloomberg-Like” Portfolio Management and Analytics Platform for Cryptocurrencies
Token-as-a-Service (TaaS), a cryptocurrency fund, is building an intelligence and portfolio analytics platform for cryptocurrency markets. Dubbed Kepler, the solution will cover the entire spectrum of the investment process, providing market research, due diligence and order management as well as risk exposure and performance forecasting.
Kepler will be the first "Bloomberg-like" platform for analyzing and interpreting data in the cryptocurrency market. The platform is set to be released in private beta later this year, and intends to make advanced risk analytics and sophisticated portfolio management "look simple, even for beginners."
Aimed at boosting mainstream adoption of cryptocurrencies and tokens, Kepler is part of TaaS' broader ambition to offer new ways for investors to participate in and benefit from cryptocurrencies.
The company's mission is to solve the major problems faced by early adopters of cryptocurrencies, "issues that make it impossible for institutional or traditional investors to access the world’s fastest growing market," according to Dimitri Chupryna, TaaS co-founder.
"We have designed the TaaS platform to reduce the risks and barriers faced by investors when entering the surging blockchain and cryptocurrency space," he said.
TaaS is a tokenized closed-end fund focusing on cryptocurrencies. The company utilizes the Ethereum blockchain and in-house built Cryptographic Audit technology to allow individuals to invest in the blockchain and cryptocurrency space.
The Cryptographic Audit technology consists in a set of autonomous auditing techniques that track, record and timestamp trading activity. The technology aims to provide maximum transparency to investors and ensure that all profits are properly recorded, money flow is transparent and the company is in possession of all declared funds.
Unlike traditional closed-end funds that issue a fixed number of shares which are not redeemable from the fund, TaaS issues tokens built on an Ethereum profit-sharing smart contract. The token represents a "proof-of-membership" in the fund and grants access to 50% of fund quarterly profits.
TaaS tokens are intended to be traded on all major exchanges including Kraken, Poloniex and Bittrex.
TaaS board members include fund management expert John Wong; serial entrepreneur and investor Mike Costache; blockchain technology and digital currency trading expert Marshall Swatt; and legal expert Arnold Spencer.
About Diana Ngo
Diana Ngo is a freelance fintech, blockchain news writer based in Cape Town, South Africa. She has worked for French- and English-language online publications, covering fintech, blockchain technology and digital currencies. Diana joined CoinJournal in June 2015.