VIP Coin Sparkassa Financial Union is a regulated, Swedish Financial Union established in 2008.
VIP Coin Sparkassa holds 10% of the shares in Titus Invest, which in turn holds 100% in Titus Community Ltd.
VIP Coin Sparkassa manages the issuing and buying back of Titus Coins. It also holds the fund which is backing up the coin value and based on the fund value and the amount of free Titus Coins in the market, the current price per coin is published on the Titus Community website.
The partnership between Titus and VIP Coin Sparkassa is regulated by a set of operational rules and IT systems in order to secure values and minimize operational risks.
The IT development within the Titus operations are divided between a number of suppliers, individual developers as well as established corporations.
The use of contract based developers is a part of the IT strategy. As Titus development consists of multiple different types of services, the IT management always seeks to find the best possible people and companies to deliver the results we strive for.
International IT Systems in Norway has a solid experience in creating websites for online marketing and affiliate sales systems. With a solid focus on operational security and solid background systems, International IT Systems continues to improve and further develop the website services for the Titus Community members.
Titus Coin is an independent open source digital blockchain currency project which has decided to use Titus Community as the exclusive sales system as well as the hub between merchants and clients.
The Coin Core Development Team is coordinated by Titus IT team and Titus CTO Robert Jacobsson. Issuing and repurchasing of coins is managed by VIP Coin Sparkassa.
Digital Blockchain Currencies are not regulated currencies like Euro, Dollars etc. But Titus have chosen to implement a full AML-CTF set of procedures in order to comply with all financial regulations.
This includes collecting KYC documents (ID and proof of address) from the members. These documents are controlled against several governmental databases. One of the most known is the PEP (Politically Exposed People) database which is crucial in finding people involved in crime and terrorism.