Facebook’s Libra Association adds crypto prime broker Tagomi

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "TechCrunch has learned that $ 28 million funded crypto starts Tagomi becomes the newest member of the Libra Association who rules the Facebook-backed Libra stablecoin. An official announcement is scheduled for Friday or next week. "Data-reactid =" 11 "> TechCrunch has learned that $ 28 million funded crypto-start Tagomi is the newest member of the Libra Association that rules the Facebook-backed Libra stablecoin. A formal announcement is scheduled for Friday or next week.

Tagomi offers a platform that allows large traders and funds easy access to cryptocurrency markets. The news comes days after Libra has added Shopify, a reversal of declining membership after major partners such as Visa, PayPal and Stripe dropped out at the end of last year.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We have contacted the Libra Association and we have promised a response from the Facebook communication team. "data-reactid =" 20 "> We contacted the Libra Association and promised a response from the Facebook communication team.

Accession to Libra means that Tagomi is expected to contribute at least $ 10 million to the development of the cryptocurrency, with that investment being eligible to receive dividends from interest earned on money held in the Libra Reserve. Tagomi also manages a node that validates transactions that arrive via the Libra blockchain.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tagomi was founded by Jennifer Campbell, a former investor at Union Square Ventures, who is also a member of the Libra Association. The company has 25 employees spread over five offices. Tagomi becomes the 22nd member of the Libra Association, according to information from the startup press representative, who apparently should keep this news until later. "Tagomi becomes a member of the Libra Foundation and Jennifer becomes the newest member," they emailed TechCrunch. We will update this story tomorrow after our interview with Campbell."data reactid =" 22 ">Tagomi was founded by Jennifer Campbell, a former investor at Union Square Ventures, who is also a member of the Libra Association. The company has 25 employees spread over five offices. Tagomi becomes the 22nd member of the Libra Association, according to information from the startup press representative, who apparently should keep this news until later. "Tagomi becomes a member of the Libra Foundation and Jennifer becomes the newest member," they emailed TechCrunch. We will update this story tomorrow after our interview with Campbell.

Campbell and Tagomi will offer Libra technical and policy support in an effort to make the cryptocurrency more secure and compliant with international law. That is crucial for the Libra Association to get the green light from regulators for a launch in 2020 as originally planned. US and EU legislators have put pressure on Libra in hearings and press about its potential to facilitate money laundering, harm privacy and destabilize the global financial system.

The full membership of the Libra Association is now:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Current members:"data reactid =" 25 ">Current members:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Facebook & # 39; s Calibra, Tagomi, Shopify, PayU, Farfetch, Lyft, Spotify, Uber, Illiad SA, Anchorage, Bison Trails, Coinbase, Xapo, Andreessen Horowitz, Union Square Ventures, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Creative Destruction Lab, Kiva, Mercy Corps, Women & # 39; s World Banking. "Data-reactid =" 26 "> Facebook & # 39; s Calibra, Tagomi, Shopify, PayU, Farfetch, Lyft, Spotify, Uber, Illiad SA, Anchorage, Bison Trails, Coinbase, Xapo, Andreessen Horowitz, Union Square Ventures, groundbreaking initiatives, Ribbit Capital, Thrive Capital, Creative Destruction Lab, Kiva, Mercy Corps, Women & # 39; s World Banking.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Former members:"data reactid =" 27 ">Former members:

Vodafone, Visa, Mastercard, Stripe, PayPal, Mercado Pago, Bookings Holdings, eBay.

Shopify joins Facebook's cryptocurrency Libra Association

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