TaaS, the first-ever tokenized closed-end fund dedicated to blockchain assets, partnered with SALT (Secured Automated Lending Technology), which is a lending platform that allows holders of Blockchain assets to leverage their holdings as collateral for cash loans. This initiative enables investors to securely lend against a high-growth asset class, whereby debt is fully collateralized.
SALT token is built on ERC 20 smart contracts, and represents a membership to the Lending Platform. TaaS is contributing 215.3 BTC to SALT’s token sale, which provides 444,300 SALT tokens to TaaS’ portfolio. This contribution enables TaaS to become a major backer of the platform.
Furthermore, TaaS launched in March 27, 2017 its Initial Coin Offering (ICO), which will conclude on April 27, 2017. Using the Ethereum blockchain and a carefully engineered Cryptographic Audit technology, TaaS offers a new approach for investors to participate in and benefit from cryptocurrencies. The TaaS platform enables investors to enter the cryptocurrency market with full auditing transparency for the first time.
In order to ensure that TaaS token owners are provided with maximum transparency into non-Ethereum token investments, TaaS composed an in-house Cryptographic Audit technology, which is a set of autonomous auditing techniques that track, record, and timestamp trading activity. This ensures the transparency of the money flow, the proper recording of profits and the simplification of the investors’ due diligence.