May 7th, 2018 — Singapore — Token-as-a-Service (TaaS), the first-ever closed-end tokenized fund dedicated to blockchain assets, announces its summary of operations during its fourth fully-operational quarter (February 1st, 2018 — April 30st, 2018).
As of April 30th, 2018, the share of BTC, ETH and USD(T) in the portfolio approached 37%, while the share of other tradable cryptocurrencies (including Singularity.net AGI, Kyber Network KNC, iExec RLC, Raiden Network RDN, Qlink QLC, and others) equaled 44% (13.1 million USD(T) equivalent).
The net asset value as of April 30th equaled 30.1 million USD(T) equivalent, outperforming the market benchmark by 3.5%, and resulting in capital gains exceeding 265 thousand USD(T) equivalent in Q4.
During the fourth quarter, TaaS participated in seven (7) early-stage TGEs with the total amount of contributions equivalent to 880 thousand USD(T): Iconiq Lab (115.48 ETH), Morpheus Labs (300 ETH), InsurePal (2.73 BTC), Persona (2.73 BTC), theMINE (2.73 BTC), Native Protocol (2.73 BTC), YGGDRASH (700 ETH).
As of the reporting date, fifteen (15) projects were in their early contribution stage, and the relevant assets are vested or have limited liquidity.
As of April 30th, 2018, the token price equaled an equivalent of 5.5 USD(T)/TAAS resulting in a market capitalization of over 45 million USD(T) equivalent, and providing an approximate 500% ROI to the participants of the Token Sale.
The total circulating supply of TAAS tokens amounts to 8,146,000.78. TAAS tokens are currently listed on the following exchanges/platforms: Bancor Protocol, Orderbook, Livecoin, EtherDelta, HitBTC, CoinExchange and Liqui.
