The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Newest Crypto Player Backing Libra Has Ties to Goldman Sachs, Harvard and Big Venture Capitalists

by Daily Hodl Staff
February 27, 2020
in Blockchain

Libra is bouncing back after a string of announcements last year cast doubt on Facebook’s ability to persuade major players that its upcoming fiat-backed stablecoin is the move to make. Tagomi is joining Facebook’s mission to launch a global stablecoin.

Despite major opposition from governments and policymakers around the world and after PayPal bowed out of the Swiss-based Libra Association last year, joining Visa and Mastercard, among other companies, Facebook’s controversial project is making a comeback with back-to-back announcements. E-commerce platform Shopify joined Libra last week and TechCrunch reports that new member Tagomi will make an official announcement on Friday.

Tagomi, an electronic brokerage for digital assets that’s valued at $28 million, will reportedly help govern and drive Libra to launch a ubiquitous digital asset that is easy to use, send and store, enabling people around the globe to gain access to financial services.

Tagomi’s co-founder, Greg Tusar, is the former head of electronic trading at Goldman Sachs. Co-founder Jennifer Campbell is a former analyst at Union Square Ventures and co-founder Marc Bhargava worked in business development at Airbnb. According to the latters’ LinkedIn profiles, they both attended Harvard where Campbell earned a bachelor’s in statistics and Bhargava earned a bachelor’s degree as well as an MBA.

Tagomi offers institutional-grade services for big players moving into crypto. The company’s star-studded team includes Dhawal Sharma who was vice president in the compliance division at Goldman Sachs and previously served as Assistant Attorney General in the Investor Protection Bureau at the New York Attorney General’s Office. Prior to working for the AG, Dhawal served as Special Counsel at the Securities and Exchange Commission within the Division of Trading and Markets.

Tagomi’s backers include some of the biggest venture capitalists in tech, crypto and payments, including Founders Fund, Paradigm, Pantera, Multicoin, Galaxy Digital and Morgan Creek.

The company’s support of Libra shows an ongoing shift into new forms of digital money and cryptocurrency among traditional finance professionals.

Writes Alex Lielacher, in his article entitled, “If money follows talent, crypto has a bright future,”

“As more skilled, well-connected former financiers enter the crypto asset space, they will pave the way for institutional money to follow. Once crypto has an ecosystem that meets the needs of institutional investors and the necessary regulatory framework, the blockchain investment space will present compelling opportunities.”

As a member of the Libra Reserve, Tagomi will reportedly put up $10 million to power a node that will validate future Libra transactions.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mihai_Andritoiu

Submit a Press Release

Industry Announcements

  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
  • Threshold Network’s tBTC Is Now Live on Sui – Ushering In a New Era for Bitcoin DeFi
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$115,918.06
$115,918.06
4.16%
Ethereum
$2,962.65
$2,962.65
6.99%
BNB
$686.49
$686.49
2.4%
Solana
$164.44
$164.44
4.4%
XRP
$2.54
$2.54
5.07%

Spotlight

  • Trader Issues Urgent Bitcoin Alert, Says BTC Indicator That’s Predicted Major Crashes Is Flashing Red – Here Are His Targets
    July 3, 2025
  • Standard Chartered Bank Hit With $2,700,000,000 Lawsuit Over Alleged Role in Malaysian Sovereign Wealth Fund Fraud
    July 3, 2025
  • Two Billion-Dollar Banks Suffer Data Breaches – Names, Social Security Numbers and Account Details of 1,890 People Impacted
    July 3, 2025
  • Medicare and Medicaid Data Breach Hits 103,000 Americans As Fraudulent Accounts Opened Using Victims’ Personally Identifiable Information
    July 3, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl