Token-as-a-Service (TaaS), the tokenized closed-end fund designed to reduce technical barriers and investment risks in blockchain assets has announced a strategic partnership with the Digital Developers Fund (DDF), a fund focused on the high growth of digital assets such as domain names (aka Internet Real Estate).
Established in 2010 as the Domain Developers Fund, DDF currently owns over 1,540 premium domains. Rebranded in 2017 as the Digital Developers Fund, the company is now gearing up to raise $90 million via a token allocation event on July 10th in order to expand its operations and asset acquisitions.
The TaaS — DDF partnership allows for transparency of money flows into blockchain projects. DDF is among the very first funds offering free access to all the relevant information investors should have access to at all times. To provide a transparent mapping of the fund’s investment activity post its token sale, DDF will use TaaS’ proprietary Crypto Audit technology.
Michael Marcovici, Managing Director of DDF said:
“Our mission is to make investing in digital safe, transparent and profitable. We are taking a number of steps to prudently allocate the funds raised in our token sale that starts Monday, June 10th, 2017. TAAS’ Crypto Audit is a key component to give investors transparency and therefore reassurance in our investment strategy.”
Taas’ Crypto Audit is a set of monitoring tools that let any member of the public to easily validate the trading history and portfolio balances. Among the most useful features, the technology includes regular blockchain snapshots, proof of reserves and view-only API keys. The technology has already achieved significant milestones with the adoption of an automated system inclusion of new tokens in the balance and rolling out the total value of the portfolio. TaaS is currently working on enriching the Crypto Audit technology’s functionality to offer the most user-friendly interface.
Ruslan Gavrilyuk, co-founder, and President of TaaS said:
“Due to the exponential growth rate of crypto assets, we understand that there is an urgent need to provide investors with relevant tools to guarantee transparency of funds’ activities. We welcome the initiatives taken by DDF to ensure the highest standards of transparency of their fund’s performance and we are happy those chose TaaS’ Crypto Audit technology as their third-party provider.”
Mr. Gavrilyuk recently joined DDF’s Advisory Board to provide his expertise during DDF’s token allocation.