TaaS, a tokenized closed end fund dedicated to blockchain assets, has launched its Initial Coin Offering (ICO) today, which will last until April 27, 2017. The venture will issue tokens built on a profit-sharing smart contract where token owners receive 50% of the quarterly profits.

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TaaS co-founder Dimitri Chupryna said: “TaaS’ model solves 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. We have designed the TaaS platform to reduce the risks and barriers faced by investors when entering the surging blockchain and cryptocurrency space.

Experts from across the world have declared that blockchain technology will shake up many industries in the coming years, and those looking for a trusted access to this extraordinary market will be able to invest through TaaS during our crowdsale.”

Innovation

To provide transparency into non-Ethereum token investments, TaaS has built in-house Cryptographic Audit technology, which is a set of autonomous auditing techniques that track, record and timestamp trading activity. The developers say this technology ensures that all profits are properly recorded, money flow is transparent, and the company is in possession of all declared funds.

As we previously reported, the TaaS team is also developing Kepler, a Bloomberg-like portfolio management and analytics platform for cryptocurrencies. Kepler is meant to cover the entire spectrum of the investment process, providing market research, due diligence and order management as well as risk exposure and performance forecasting.

“TaaS hopes to deliver significant and long-term changes in the blockchain industry and cryptocurrency market. We believe the vision and technology underpinning TaaS and Kepler will transform digital currency investments and we are eager to see its progress,” concluded Chupryna.