Tagomi has announced in a press release that it’s finally gone live and executing client trades for investors of Bitcoin, Ether and other cryptocurrencies.
The company assists its clients achieve the best possible price executions for cryptocurrency, who expect and require institutional operational standards, treasury management, low transaction-cost, transparency, custody solutions and other such services.
With a management team made up of some of the industries top veterans in the fields of electronic trading technology, crypto investing, compliance and regulatory, Tagomi introduces a robust infrastructure and institutional service investors need to trade at scale. The team is made up of experienced individuals from Goldman Sachs, Citadel, Union Square Ventures, Nasdaq, Virtu Financial, Two Sigma and more.
CEO of Tagomi, Jennifer Campbell says,
“At this nascent stage for digital assets, investors are seeking a better way to execute large trades.”
“We’re excited to have built that. Our focus is on providing our clients, which include financial institutions, high net worth individuals and other sophisticated digital asset investors, a comprehensive solution that eases the operational challenges associated with trading at scale in this emerging asset class.”
Tagomi has successfully manage to raise over $16 million from well known investors, such as Founders Fund, Collaborative Fund, SV Angel, Joe Lonsdale, Brainchild, Digital Currency Group, ZhenFund, Box Group, Elad Gil, Charlie Noyes, and more.
“Cryptocurrency trading lacks the transparency and sophisticated execution that top family offices and wealth management firms have come to expect. I’m excited to see an ambitious team with the right experience in finance and technology fix this, creating a solution we trust,” said Joe Lonsdale, Founder of Palantir and Addepar.
With some big names backing Tagomi up, its going to be quite interesting to see how many investors decide to use this system to further expand their portfolios. Tagomi will have to competing against other trading platforms such as Coinbase and Bitfinex in order to become one of the best around.
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