logo
Financial Services

Caspian Tech

Caspian is a complete asset management solution for crypto that covers the full lifecycle of the trade. It includes a fully developed OEMS, PMS, and RMS. It provides a single interface into all major crypto exchanges, a complete suite of trading algorithms, real-time and historical P&L and exposure tracking and professional customer service.

Rating: 3.0

Official contacts
Location: Caspian, Ltd. Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands 25
Web-resources:   Whitepaper Website
Social networks:
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
Caspian currently connects to over 10 major digital asset exchanges. The platform plans to add up to forty additional trading venues by Q3 2018. However, there is no link to GitHub to track the product development. Moreover, it is unclear when the product development has been started.


Token description
ICO date
30.09.2018 - 31.10.2018
Token price
N/A
Platform
Ethereum
Blockchain
Erhereum
Token distribution date
N/A
Consensus method
Proof of Work
Escrow
N/A
ICO currencies
USD , ETH
Bounty camping
N/A
Markets
N/A
Token functions
The CSP token is not required to access the platform but can be used to enhance one’s experience of it. Token holders will get discounts for the platform tools access.
Risks
MARKET
PRODUCT

- The websites of Tora and Caspian look very similar.

- There is no link to GitHub to track the product development.

- It is unclear when the product development has been started.

- The motivation of blockchain integration into the system is unclear.

- The team claims that they already connected 10 exchanges to its system. The list of exchanges is unknown.

BUSINESS MODEL

- The rationale behind issuing native token is unclear.

- The list of CSP token holders benefits is unclear.

FINANCES
TEAM

- The team is scattered between Hong Kong, Tokyo, San Francisco, and London.

- Most of the team members still work at Tora and have to work at two companies simultaneously.

- None of the core team members has blockchain related experience.

Full analysis
Market

Currently, cryptocurrency trading markets have fragmented liquidity and high volatility across exchanges which prevents many institutional players to enter the market. Moreover, there is no unified trading and analytics platform for cryptocurrency markets. Moreover, there is no risk management system in the field of cryptocurrencies. All these challenges can be mitigated by creating a Bloomberg-like platform in the cryptosphere. Therefore this market has large potential.
There are several projects in crypto trying to deliver similar systems. The list includes Blockfolio, CryptoCompare, Zerion Pulse. These companies did not conduct ICO to attract investment for the product development. In this regards, it is unclear why Caspian needs to conduct an ICO.

Product

Caspian is a complete asset management solution that covers the full lifecycle of the trade. The system will offer cloud-based technology platform which will include Portfolio, Order, and Risk Management system with full pre-trade compliance monitoring. Caspian is a cloud-based platform, with distributed services built around a microservice architecture, and functionality accessible via thin UIs and APIs.
Caspian will have its own Order Execution & Management System, Portfolio Management System, Compliance, Risk Management, Reporting, and Algorithms. Caspian is a joint venture between two firms, Tora - an investment management system and Kenetic - cryptocurrency fund.
Caspian currently connects to over 10 major digital asset exchanges. The platform plans to add up to forty additional trading venues by Q3 2018. However, there is no link to GitHub to track the product development. Moreover, it is unclear when the product development has been started.

The websites of Tora and Caspian look very similar.

Business model

The token is designed to enhance the user experience and enrich the Caspian community. It is not designed to be necessary to use the base feature set of the platform. Even without the token, clients can use all core features of the platform. That said, using the CSP token will open access to benefits that should be compelling to a wide range of users. The anticipated list of "unique" features is not given in whitepaper and the benefits of token economy, except having discounts, are unclear.

Finances

Financial metrics have not been publicly disclosed yet and are TBA.

Team

The Core team consists of 7 people, the Caspian full-stack digital asset management solution is backed by a full team of over 150 people.
As Caspian was formed as a joint venture of Kenetic (blockchain and cryptocurrency investment firm) and Tora (technology provider to buy-side institutions), several core team members come from Tora. 
The CTO previously worked as Software Engineering Designer at Microsoft, Quant at Lehman Brothers, and Product Director at Tora.
The rest core team members experience includes Credit Suisse, Bloomberg (sales roles), Deloitte, Wagic.
None of the core team members has blockchain related experience. The team is scattered between Hong Kong, Tokyo, San Francisco, and London. Most of the team members still work at Tora and have to work at two companies simultaneously.

Social networks
© ICO Scoring - ICO Analytical platform backed by investors and financial experts. All rights reserved 2018