Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm, has launched

Tagomi Holdings, the digital assets electronic brokerage backed by the PayPal co-founder and former Trump Administration advisor, Peter Thiel’s venture capital firm, has officially launched, as per a press release published on 17 December.

The digital assets broker, Tagomi provides cross-border execution, post-trade reporting, custody solutions, and one-click settlement features. Tagomi aims to combine the institutional grade services with a sturdy structure, that investors of this sort have come to accept.

Raising over $16 million from a slew of top-of-the-line investors, Tagomi is committed to the digital assets space. Its backers include Thiel’s Founders Fund, Collaborative Fund, SV Angel, Joe Lonsdale, Brainchild, Digital Currency Group, ZhenFund, BoxGroup, Elad Gil, Charlie Noyes among others.

Jennifer Campbell, the CEO of Tagomi said, “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 applies proven electronic trading solutions that these sophisticated investors have come to expect, and removes the operational hurdles commonly associated with digital asset investing,” said Greg Tusar, CTO of Tagomi.

Institutional investors have increasingly moved over to the cryptocurrency space with a report in October attesting that high net-worth individuals (HNIs) have been replaced by institutional investors as the most prominent buyers of cryptos over $100,000.

Peter Thiel has been a tremendous proponent of the digital currency world, stating that the top crypto Bitcoin [BTC] could become the gold of the digital world and hence a hedge against market risk. His V.C. fund, Founders Fund, signaled its intention to invest in Tagomi earlier in May.

In July of this year, Peter Thiel along with the Jihan Wu, the founder of Bitmain a cryptocurrency mining hardware device manufacturer invested in Block.one an EOS [EOS] developer. This investment caused experts to remark that EOS would overtake Ethereum [ETH] by a factor of 10.

Also read: Research firm Diar has found that institutional investors have shifted towards higher liquidity OTC physical Bitcoin markets

Source: https://bcfocus.com/news/digital-assets-brokerage-firm-tagomi-holdings-backed-by-peter-thiel-officially-launches/45240/