Tagomi Become the 22nd Member of the Libra Association 

Based in New York, Tagomi is going to be joining the Libra Association. 

Founded in 2018, Tagomi is a former associate at Union Square Ventures with Jennifer Campbell at the helm.

This will be the 22nd member of the Libra Association with all members expected to contribute at least $10 million to the Libra reserve. This holds the assets that will support the new stablecoin.

Almost $30 million has been raised to date by Tagomi and by making a $10 million donation to the Association, it’s all quite a feat for a two-year-old start-up. Moreover, some of the biggest names in the space are listed as clients on the companies website including Galaxy Digital and Pantera.

The company also holds a highly coveted BitLicences which were issued by the New York State Department of Financial Services, in order to give the company the ability to serve residents of the city.

The Association has been in the news all over the past year and mainly for controversial reasons. Several of the original backers of the project have fled due to regulatory worries from the United States government. This includes companies like Vodafone, Visa and PayPal.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!