Blockchain is a world-changing technology, but it still has a long way to go before becoming the de-facto way of managing wealth around the globe. Today, Token-as-a-Service announces the launch of a newly-established TaaS Capital Fund, which aims to bring us a step closer to that future.
TaaS Capital Fund is an open-end investment fund which exclusively operates in the blockchain environment, but accepts contributions in both blockchain and non-blockchain funds. What this means is that TCF could be a great opportunity for traditional investors to participate in the rise of distributed ledger technology (DLT) markets, minimizing risks and challenges associated with it.
TCF is established on the success of Token-as-a-Service, the world’s first tokenized closed-end blockchain fund, that has started operating in 2017 and since then provides owners of the TAAS token with a safe and easy way to participate in blockchain markets. The newly launched TaaS Capital Fund is built on the same principles of blockchain wealth management, but on a much larger scale due to its accessibility for traditional investors.
TaaS has recently reported a 780% annual growth in assets. The TAAS token, which is currently listed on Bancor, Livecoin, CoinExchange and other platforms, is outperforming both Bitcoin and Bitcoin/Ethereum benchmarks. During this time Token-as-a-Service has participated in 35 token sales and executed over 50 thousand sales. As the owners of the TAAS token are entitled to quarterly payouts, Token-as-a-Service has distributed more than 16M USD(T) to its contributors in the last 12 months.
Ruslan Gavrilyuk, the President of TaaS Capital Fund, says that the newly launched fund will attract institutional and individual investors who are seeking to diversify into the blockchain markets and build on the success of Token-as-a-Service:
Established by an international team of experienced traders and investment professionals, TaaS Capital Fund is opening subscriptions to provide a secure, transparent and efficient gateway to institutional and individual investors seeking to diversify into the DLT markets.
How TaaS Capital Fund plans to deliver a transparent, secure and efficient way of participating in the DLT markets? It will utilize its in-house techniques and expertise that allowed Token-as-a-Service achieve high performance.
The fund’s mission is ‘to lift various financial and technical challenges’ associated with blockchain markets. Token-as-a-Service cites lack of transparency and reliable market data, immature infrastructure and high volatility as reasons for traditional investors to ignore blockchain opportunities — even though DLT assets can replace traditional finance in the future.
To solve this, TaaS Capital Fund offers its stakeholders a significant amount of wealth management tools. For example, TCF investors will be able to take advantage of active portfolio management, hedging instruments, broadened investment latitude and algorithmic trading. The fund focuses on spot trading of tokens, algorithmic trading and investing in DLT assets with high network growth.
An in-house asset validation tool called Cryptographic Audit will ensure transparency by providing both stakeholders and members of general public with snapshots of trading history and portfolio balances. As for the analytics, they will be taken care of by the Kepler intelligence platform, which offers market research and risk management tools.
The team behind TaaS Capital Fund aims to achieve a high standard of security with its multi-layer and multi-signature security protocols. The fund will provide a two-factor and a three-factor authentication, support of multi-signature wallets and continuous maintenance.
TaaS Capital Fund will be monitored by GPMP, a blockchain investment platform based in Luxembourg. This way the Fund will take advantage of various legal procedures that will ensure security and trust for the participants, including KYC/AML compliance.
TaaS Capital Fund aims to attract diverse types of investors, as it offers subscriptions in distributing and accumulating share classes, in fiat currencies, as well as digital assets. The minimum investment amount is currently set at EUR 100,000 (or its equivalent in blockchain assets).
You’ll be able to find more information on the fund and subscribe to its mailing list on TaaS Capital Fund website. The team will start to accept subscriptions starting July 1, 2018, so don’t forget to check this date in your calendar app.
BRING IT ON: SEC VS TELEGRAM COURT BATTLE IS TODAY
- SEC Says Telegram Violated Securities Laws
- Telegram Maintains It Did Not Act Illegally
- A Precedent for Token Issuers in the U.S.
The court battle between the United States SEC and Telegram takes place today in New York. While both sides maintain their positions over the legality of the $1.7bn token offering, the greater blockchain space anxiously watches on.
SEC SAYS TELEGRAM VIOLATED SECURITIES LAWS
The SEC case against Telegram is, without doubt, the largest and most pivotal so far. The outcome could mark a turning point for the blockchain industry.
It’s one of the few times that SEC action concerning federal securities laws and digital tokens could head to trial. Partner and Litigator at FisherBroyles LLP Rebecca Rettig told Law360:
Given the size of the offering and the different players here… I think this will be a seminal case going forward.
If the hammer falls in favor of the SEC, Telegram will have to pay a substantial fine. The company may even have to return the $1.7bn to investors. 14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!
If the court rules that Telegram did not break the securities’ law, it will be able to launch its network on TON and distribute the overdue Gram tokens to investors.
The SEC initially brought the suit against Telegram last October. It maintains that Telegram violated the Securities Act of 1933 with its token offering by not adhering to registration requirements.
Telegram was also forced to postpone delivery of around 2.9 billion Grams to their investors, which should have been available on the TON blockchain by Oct 31.
U.S. District Judge P. Kevin Castel will decide the outcome of the SEC vs Telegram case as he hears from both sides today.
TELEGRAM MAINTAINS IT DID NOT ACT ILLEGALLY
Telegram, for its part, maintains that no such violation took place. For starters, the messaging app claims that the SEC is referring to the investment contracts it sold for Gram tokens rather than the underlying tokes which, when issued, will be commodities. This means that Gram purchasers will “have no expectation of profits based”.
Moreover, the investment contracts were issued pursuant to securities exemption Regulation D. Therefore, the SEC’s argument over whether Telegram’s Gram tokens are securities is a moot point since Telegram already conducted the sale according to exemptions under the Securities Act.
While no final resolution is expected today, the way in which Judge Castel poses his questions may give some indication as to which way he is likely to rule. Partner at Munger Tolles & Olson LLP told Law360:
The most you’re going to see is an indication based on questions of where the judgment might go… I do expect the judge to try to rule fairly quickly if he thinks that the [preliminary injunction] should be denied.
A PRECEDENT FOR TOKEN ISSUERS IN THE U.S.
Ever since the ICO boom of 2017 and early 2018, token issuers have been scrambling to understand the legal situation in the states. Yet, some three years later, uncertainty still reigns supreme.
The SEC has certainly been more vocal on the subject of ICOs and killed unregulated offerings moving forward. It has also flagged up and fined several companies in the space, most notably BlockOne for its EOS token sale.
However, in early 2018, there was little clarity on regulatory requirements in the U.S. for issuing tokens. This has prompted many in the crypto industry to come out in favor of Telegram, including the Chamber of Digital Commerce and the Blockchain Association.
They cite the lack of regulatory clarity by the SEC over its treatment of digital assets. There is a deep concern that “regulation by enforcement” could be highly detrimental to the blockchain industry as a whole.
Many people will be watching the case closely. How Judge Castel rules will likely set a precedent moving forward. It could either send innovation offshore forcing U.S. companies to friendlier jurisdictions or if Telegram wins, be seen as a win for the crypto community at large.
Blockchain Week Rome is back in the capital with the second edition from March 17th to March 21st
Blockchain Week Rome, the largest event dedicated to blockchain, cryptocurrency, and decentralization, is back in Rome, at the Mercure Roma West, for its second edition from March 17th to 21st.
With an exhibition area of more than 2,000m2, as well as the various networking events, participants will be able to visit the stands of the various companies, sponsors, and partners of the event, getting in touch with important businesses active in Italy and in the world.
There will be five days entirely dedicated to blockchain and cryptocurrency. The first three, from the 17th to 19th of March, will be dedicated to the training course “blockchain intensive”, lasting 21 hours and they will be divided into 6 training modules. The course, held by professionals and
experts from the field is aimed at all those who want to acquire or improve skills related to these issues.
The other two days, from the 20th to the 21st of March, will be dedicated to the ‘International Summit’: a set of conferences, panels, exhibitions, moments dedicated to networking, moments of entertainment and much more.
Among the already announced speakers there are experts, professionals and scholars of the sector, such as Paolo Ardoino, CTO of Bitfinex and CTO of Tether, two of the most important crypto realities in the world; Gian Luca Comandini, member of the Blockchain Task Force of MiSE; Giacomo Zucco, well-known maximalist and Bitcoin expert; Marco Monaco, Blockchain
Competence Center Leader of PwC; Massimo Chiriatti, CTO Blockchain & Digital currencies by IBM; Alexander Filatov, co-founder, and CEO of TON Labs; Marcello Minenna, Director of the Quantitative Analysis Office by Consob; Federico Tenga, co-founder of Chainside and many others.
There are three types of ticket available to participate to the event:
- The ticket “Course”, to participate in the first three days;
- The ticket “Summit”, to participate to the last two days;
- The ticket “All-inclusive”, to participate to all the days and activities of the event itself.
To purchase tickets, simply visit the official website of the event here.
The students interested in participating in Blockchain Week Rome can receive special benefits by sending an email to the address with ‘Student Discount 2020’ in the subject line.
Blockchain Management SL,
Calle 29 de Abril, 63 – 35007, Las Palmas [LP]
Contact here or check out the Website for more details.
Europe’s Leading Blockchain Event is Back!
Venue: Olympia Conference Centre, London Dates: 1st & 2nd July 2020
Europe’s leading Blockchain for Business Summit returns on the 1st and 2nd July 2020 at Olympia, London.
Over 1,000 senior decision-makers and 200 visionary speakers will come together for the 4th year of the event. Given the seniority of the audience and the significance of the companies represented, the opportunities for sponsors and attendees to network and meet with desired prospects are magnified considerably.
Join the industry’s most progressive professionals to discuss the impact and opportunities of blockchain and
distributed ledger technology on business.
Some of the top speakers to take the stage in 2020:
DALE CHRYSTIE – Business Fellow, Blockchain Strategist, Fedex ROBERTO GARCIA – Head of Blockchain Engineering, Banco Santander
DEAN DEMELLWEEK – Digital Transformation Lead & Blockchain Evangelist, BNP Paribas HARRY BEHRENS – Head of Daimler Mobility Blockchain Factory, Daimler
MARIANA GOMEZ DE LA VILLA – Distributed Ledger Technology Program Director, ING RICHARD DAVIES – COO, Revolut
FRANCO GIACOMOZZI – National Council Delegate, Italia4Blockchain MARJAN DELATINNE – Head of Global Banking, Ripple
Networking is central to our mission to create an industry-centric event.
The venue and experience is expansive yet intimate – an event large enough to attract the leading global minds but intimate enough to be able to meet them and connect.
Shared experience networking opportunities include topic-based meetups, roundtables, showcase demos, lunches and drinks receptions.
The summit is co-located with MoneyNext Summit, which focuses on 5 different tracks: Blockchain, Banking Transformation, Payments, Regulation and Insurance.
The event is ticketed, with prices ranging from £50 for a showcase pass to £1800 for a VIP. To check the ticket options and register, visit https://blockchainsummitlondon.com/registration