Reported to be headquartered in Malta, the company was the idea of a group of tech entrepreneurs and executives from New Zealand, Israel and the US. It operated an office in Auckland with teams also in Israel and Ukraine.
In 2018, Tatau announced the launch of a blockchain-based supercomputing platform.
The company said it used blockchain to handle transactions in a secure way, while its proprietary system guarded against fraud and ensured privacy.
However, Tatau's directors told liquidators Tony Maginness and Jared Booth that following negative publicity over cryptocurrency and blockchain technology, it was unable to obtain sufficient customer and investor support, leading to its collapse.
Concerns have been raised about cryptocurrency, such as Bitcoin, facilitating alleged dark net and illegal activity, while other criticisms include that people don't use cryptocurrency for anything beyond speculation.
In New Zealand, cryptocurrency exchange platforms have been accused of breaching anti-money laundering laws and earlier this year police successfully froze $140 million connected to an overseas cryptocurrency exchange.
One of the more prominent investors in Tatau, according to the NZ Companies Office, was Mark Huljich.
The film producer and son of Paul Huljich had 75,000 shares with Tatau or an allocation of 1.01 per cent.
The Huljich family featured on the 2018 NBR rich list with a net worth of $215 million.
According to NZ Companies Office records, Tatau's two directors are Epsom's Zvi Kushnir and Mykhaylo Fridshtand, whose residential address is listed as being in San Francisco.
Tatau's top shareholder - at 35.28 per cent - is San Francisco-based software development company Codesmart LLC. It's listed address is the same as that of Fridshtand.
Tatau's fixed assets, meanwhile, primarily relate to computer hardware stored in Ukraine, the liquidators were told.
The liquidation is estimated to be completed within the next 12 months, the liquidators report reads.
