Sharpe Capital, a tech-driven investment fund specializing in global financial markets, has announced an advisory partnership agreement with TaaS (Token-as-a-Service), a tokenized closed-end fund dedicated to blockchain assets.
Sharpe Capital is developing a platform to crowd-source market sentiment on global equities and blockchain assets, paying service fees in Ethereum to users in return for their insights.
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The cooperation agreement between the two projects was finalized following a meeting at a recent blockchain conference in Kiev, Ukraine, which was co-hosted by TaaS and attended by Sharpe’s co-founders Lewis Barber and Dr. James Andrew Butler.
Chief Investment Officer of Sharpe Capital, Dr. Butler, commented: “It is a fantastic opportunity for synergy between the leading blockchain fund TaaS and the Sharpe Platform suite of products, including our market sentiment crowd-sourcing application and machine learning-driven investment funds. TaaS Fund’s advice has already proven invaluable and I’m really looking forward to what will no doubt be a prosperous relationship for both parties.”
Sharpe Capital will issue a SHP tokens via the Ethereum blockchain during a 7 day discounted pre-sale beginning 6th November, with $1.4 million whitelist registration places remaining. This will be followed by a 28 day crowd sale, with a total cap of $20 million. SHP permits participants to provide sentiment, and institutional investors to access their cloud-based quantitative trading model tools. Sharpe Capital will also operate a proprietary investment fund, both in global equities and blockchain assets, with plans to issue a derivative token instrument tied to its performance in Q1 2019.