Token-as-a-Service (TaaS), a tokenized closed-end fund dedicated to blockchain assets, announced today its largest contribution to date into VIMANA Global, a company developing Autonomous Aerial Vehicles for Urban Air Mobility.
The agreement was reached at the World Economic Forum 2018 in Davos, Switzerland. TaaS contributed to VIMANA Global the amount of 2071 ETH, equivalent to 2 million USD(T).
VIMANA Global is rolling out the world’s first truly ubiquitous communications and transaction infrastructure, which is a facilities-based high-performance network hosting specialized blockchain architecture that is constantly suspended in the air between 150 meters and the Karman line.
VIMANA Global’s go-to-market strategy is centered around launching this network by participating in Smart Cities’ Urban Air Mobility programs with its patent-pending Vertical Take Off And Landing Autonomous Aerial Vehicles, a strategy collectively known as “Blockchain Airspace.”
“We are excited to welcome TaaS as another VIMANA supporter helping us to make Blockchain Airspace a reality,” said Evgeny Borisov, CEO, and co-founder of VIMANA Global. “We are looking forward to benefiting from the technical expertise and business innovation fostered by TaaS’ innovative team.”
Having raised $7.6 million equivalent in Token Generating Event in April 2017, TaaS’ capital gains exceed 32 million USD(T) equivalent for three quarters, showing a cumulative 7 times AUM growth for the nine months period. During the first three fully-operational quarters, TaaS participated in 28 TGEs with 9.2 million USD(T) equivalent of contributions.
Ruslan Gavriluyk, President, and co-founder of TaaS said, “TaaS supports companies that share our vision of implementing information industry 4.0 technology and VIMANA aims to do so with the launch of its VIMANA Universe, a blockchain-based ecosystem for Urban Air Mobility and economic development. TaaS made this contribution to take Blockchain Airspace to the next level, which will benefit its participants as well as the blockchain industry as a whole.»
TaaS is an active contributor towards the development of the blockchain ecosystem. TaaS’ innovative fund management approach encompasses active trading of cryptoassets and contributing to the most promising blockchain projects. TaaS puts hundreds of projects through a thorough financial, technical and legal due diligence, selecting just a few for its portfolio. The most notable partnerships concluded by TaaS include contributions to Bancor, TenX, ICON, and Singularity.
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