Tagomi, an electronic brokerage offering prime services on an agency basis for sophisticated investors of Bitcoin, Ether, and other digital assets, today announced a new round of capital investment. Paradigm, a Yale and Sequoia-backed fund, and Pantera, the first US digital asset firm, are major participants amongst a notable group of digital asset investors.
The fresh set of funding comes two months after Tagomi announced its public product launch in December and brings total funding to $28 million. Participation in this round of financing was open to clients of the platform.
With the capital from this financing, Tagomi plans to grow operations to support and scale with client demand.
“We are excited to partner with Tagomi as they continue to build momentum and traction. We view their best-in-class product and team as the next step in the evolution of how digital assets trade.”
“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.”
“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. 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.”
Tagomi currently offers three product lines: a portfolio management interface for longer-term investors, an advanced trading terminal for active traders, and an API for various types of programmatic trading. Example clients include individual investors, family offices, digital asset funds, traditional equity, and FX traders, venture capital funds, and others.
“Venture capital firms, family offices, and others who are interested in a cost-efficient and direct exposure to digital assets face a variety of challenges. I see Tagomi as solving those challenges and presenting the institutional community with a streamlined, professional end to end service which is simple and transparent to the user, while very effectively tackling the issues of best execution, custody, and treasury management.”
“The Tagomi team deeply understands the many nuances of the complex crypto market structure. We believe that Tagomi’s unique agency electronic model aligns them to partner and work with us to provide access to liquidity and financial products which help us more efficiently execute our fund strategy.”