Token As A Service (TaaS), the first ever tokenized closed-end fund (CEF) dedicated to blockchain assets, today announced the latest additions to its Board of Advisors and services providers. The team of experts with a diverse range of complementary backgrounds joins the board ahead of TaaS’ highly anticipated Initial Coin Offering (ICO), launching on March 27, 2017.
Utilizing the Ethereum blockchain and its pioneering Cryptographic Audit technology, TaaS will offer a new way to participate in and benefit from capital raising, fund management, and cryptocurrency investing, all with full auditing transparency to investors.
TaaS welcomes serial entrepreneur and investor Mike Costache, blockchain technology and digital currency trading expert Marshall Swatt, and legal expert Arnold Spencer to the Board of Advisors. They join existing advisors John Wong (fund management expert) Sergey Rabenko (legal consultant), Patrick Salm (financial risk and fund specialist), and Pascal M. Bommeli (serial entrepreneur).
Mike Costache is co-founder and Managing Partner of KrowdMentor, a strategic crowdfunding advisory and investment firm with a portfolio of 20 startups. Since 2011, Costache has been a member of Tech Coast Angels, the oldest and largest network of angel investors (currently 330 members) which has invested $185 million in over 300 deals and raised more than $1.5 billion from venture capitalists. Costache was previously President of Leo & Leo, a management and franchise representation service with clients including Maserati, Segway, NetJets, PrivatSea, Sunseeker Yachts, NetSuite, Marsh, Orgil Greenhouses, Miss Universe, and Rockstar Energy. He holds a Bachelor’s degree in Economics and a graduate certificate in Dispute Resolution from Pepperdine University and has completed the Program on Negotiations for Senior Executives from Harvard Law School. He will serve as a TaaS advisor covering the venture capital and investment sectors, providing assistance in fundraising and negotiations.
Marshall Swatt is the founder and major investor at ATS Inc., a pioneer in algorithmic trading systems focused on strategies in exotic financial instruments such as cryptocurrencies. As the former CTO of Coinsetter and Cavirtex, North America’s leading VC-backed bitcoin exchanges, Swatt brings more than 20 years of strategy, operations, business development and technical experience to TaaS’ board. Swatt holds a Bachelor of Science in Management, Finance and Real Estate from Georgetown University. Swatt will serve as TaaS’ technology and trading advisor, drawing on his experience providing technology design and development consultation for corporations including Citigroup, Deutsche Bank, Deutsche Financial, Condé Nast, MoMA, and National Geographic.
Arnold A. Spencer is Managing Director of Spencer & Associates, a corporate criminal defense firm, and General Counsel at Coinsource, the world’s largest bitcoin ATM network. Spencer holds a Juris Doctor from the University of Texas School of Law. Spencer will serve as TaaS’ strategic U.S. legal advisor, bringing experience and insight in compliance, U.S. federal criminal law, securities and financial fraud, anti-money laundering, asset forfeiture, and federal trials.
Ruslan Gavrilyuk, Co-Founder and President of TaaS said: “TaaS is proud to have established a world-class board of advisors ahead of our ICO. We believe this diverse team of experts places TaaS in the best position possible for ongoing success.”
TaaS’ month-long ICO will launch on March 27, 2017, during which time investors can take advantage of an early investor bonus system. As part of the system, TaaS is offering a 25% bonus for the first 1,000 BTC raised. The bonus will decrease progressively up to 9,000 BTC. TaaS will reserve 2% of the collected funds for bounty programs.
Along with the addition of new advisors to the board, TaaS has also engaged Otonomos, a legal services platform, to provide expertise and execution for company operations in Singapore. Otonomos will provide regional-specific legal support and assist with communications with the Monetary Authority of Singapore.
TaaS has selected Cubits as its service provider for its operations outside of the USA. TaaS will utilize the Cubits platform as a reliable, trustworthy gateway for its customers to buy and sell bitcoin outside of the USA. Cubits services more than 50 countries and 17 currencies.
“With the board of advisors stronger than ever, TaaS expects not only to run a highly successful ICO, but also deliver substantial returns to our investor community,” concluded Ruslan Gavrilyuk.
TaaS tokens are intended to be traded on all major exchanges in coordination with exchanges and regulatory authorities.
Image : Ruslan Gavrilyuk, Co-Founder and President of TaaS