Tassat

Basics

• Rebranded from trueDigital to Tassat in 2019.
• Explained by investor Consensys Ventures: " trueDigital was formed in 2018 and partnered with over 12 market makers to create innovative over-the-counter Bitcoin and Ether indices to settle a non-deliverable forward contract. During the launch of the indices, trueDigital worked to achieve CFTC approval for the first US regulated deliverable forward contract on Bitcoin, which will launch in 2019. trueDigital has on-boarded over 70 institutional firms in its first month of operation, and has also partnered with Signature Bank to create a blockchain based real-time payments platform with plans to support 40 currencies. We’re very excited about trueDigital, as we firmly believe the future in fintech lies in blockchain-based derivative products and other new asset classes that revolutionize global financial markets."
• Built a blockchain payments system for the crypto-friendly Signature Bank, launched last December (9-2019).

Team, investors, etc.

• Thomas Kim; CEO (Former Bridgewater Associates Executive)
• Michel Finzi, chief commercial officer at Tassat
• Got invested in by Consensys Ventures
• Partners: ALTonomy, BlickFills, CMTDigital, Hehmeyer, Kaiko, QCP Capital, Consensys, DV Chain, Tilde, Wyre, Genesis (a DCG company) and XBTO
• Has teamed up with trading software provider AlgoTrader in the run up to its launch of cryptocurrency derivatives.