Crypto brokerage firm raises $12 million in latest funding round

05 Mar, 2019
by Richard Allen
Crypto brokerage firm raises $12 million in latest funding round

Tagomi Holdings, launched by former Goldman Sachs executive Greg Tusr, has raised $12 million in its latest funding round, a press release states.

Since its launch in December last year, Tagomi has raised a total of $287 million and has even added crypto giant Pantera Capital to its slew of investors.

Read more: Ex-Goldman exec launches crypto brokerage: "there’s a lot of opportunity"

New York-based Tagomi Holdings offers services to investors looking to become involved with digital assets. The startup buys Bitcoin, Ether and any other cryptocurrency on behalf of institutional investors. Tagomi also offers other products aimed at institutional investors like a portfolio management interface and API for programmatic trading.

“We are excited to partner with investors who have experienced first-hand, the frustrations around the lack of infrastructure, and work toward our shared vision of building next generation robust trading technology, so that clients can focus solely on developing their strategies,” Tusar, co-CEO of Tagomi stated in the press release.

Tagomi is planning to use the newly-raised funds to grow operations to support and scale with client demand.

Pantera Capital, which also makes use of Tagomi’s crypto brokerage solutions, commented:

“We view the development of an electronic agency offering as a critical step in empowering funds like Pantera to have complete control and anonymity when transacting in digital assets. We believe it is a key component to carrying out our fiduciary duty in achieving best execution for our fund.”

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