Crypto Brokerage Platform Tagomi Raises $12M USD In Fundingbr>
Crypto brokerage platform Tagomi Holdings has raised $12 million in its latest funding round from a notable group of digital asset investors, including Yale-backed Paradigm Fund and Pantera Capital.
Tagomi offers prime services for sophisticated investors of major cryptocurrencies, such as bitcoin, ethereum and others. Its offering includes a portfolio management interface for longer-term investors, an advanced trading terminal for active traders, and an API for various types of programmatic trading.
The latest funding comes two months after Tagomi announced their public product launch and brings total funding to $28 million. Tagomi is planning to use the money to grow operations to support and scale with client demand, and continue to improve trade execution and transparency in the digital asset space.
“We are honored that clients have voted with their feet, and we share in their excitement of the progress Tagomi has made in improving trade execution, transparency, and lowering operational costs in the digital asset space,” said Greg Tusar, Co-Chief Executive Officer of Tagomi, and former Global Head of Electronic Trading at Goldman Sachs. “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.”
Dan Morehead, Chief Executive Officer and Co-Chief Investment Officer at Pantera Capital, said they 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,” Morehead said.