Tagomi was recently acquired by the Libra Association, and it will be formally announced shortly. The Libra Association is run by Facebook and it operates the Libra stable coin. Now Tagomi will put up $10 million USD toward crypto development efforts.
Tagomi is a platform that is able to streamline the process for large trades, and it also helps people gain access to different markets for cryptocurrencies. Additionally, Tagomi will provide technical support to the Libra Association, which will help to make the currency comply with international law, which is required ahead of the launch of Libra's crypto.
Libra Association commented on the acquisition and stated, "Tagomi is joining the Libra Foundation and Jennifer will be the newest member.”
Image Credit: Libra Association/Tagomi