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Saga is a non-profit foundation headquartered in Switzerland and supervised by the Swiss Regulatory Authority. Expected to launch at the beginning of 2019, the Saga token (SGA) is a global digital currency that aims to complement existing national currencies and seeks to work in collaboration with banks, financial institutions, and regulators. Among its Advisory Board members are top financial experts, technologists, and economists from all around the world, including Jacob Frenkel, Chairman of JPMorgan Chase International; Prof. Myron Scholes, Nobel Laureate in Economic Sciences, Co-originator of the Black-Scholes options pricing model; Leo Melamed Founder of financial futures and former Chairman of the Chicago Mercantile Exchange (CME) and Prof. Dan Galai, the co-developer of the Chicago Board Options Exchange's Volatility Index (VIX).
“While Blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and highly volatile. I share these concerns and see great value in Saga’s vision to address them properly.”
“Blockchain technologies will change financial infrastructure, from a current focus on transactions processing to transactions analysing. This facilitates more efficient client solutions to their financial problems. The Saga project aims to develop a sustainable and efficient blockchain-based cryptocurrency that I support through becoming a member of its advisory council.”
"Saga represents a step change in maturity for digital currencies. The first that combines material benefits to the existing financial system with the potential and needs of the digital world. It’s the strongest team in the space and we are delighted to be backing the project."
“The creation of Saga is based on interdisciplinary knowledge, permitting to implement monetary models to tame volatility and allow regulatory access to participants’ identity. We are fortunate to have the involvement and insights of global leaders, who along with the other members of our Advisory Council, are helping us to design the first non-anonymous blockchain-based digital currency.”