Libra Association announces three new members

Source: IBS Intelligence 2020-05-18

The Libra Association has announced three new members, Temasek, Paradigm and Slow Ventures and said that the design of a blockchain-based payment system that supports responsible financial services innovation and inclusion for billions of people requires a diverse set of members in different industries, geographies and sectors to help catalyse development over the long term.

Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused investor. Temasek claims to see innovative technologies such as blockchain as transformative enablers of growth.

Meanwhile, Paradigm and Slow Ventures add to the Association’s membership of investment funds. San Francisco-based Paradigm is a crypto investment firm focused on leading cryptoassets and businesses from the earliest stages of idea formation through maturity. Also headquartered in San Francisco, California, Slow Ventures invests in companies central to the technology industry and those on the edges of science, society, and culture. Slow Ventures has backed successful technology-driven disruptors including Slack, Postmates and Airtable.

“The addition of three new members to the Libra Association, shows our commitment to building a diverse group of organisations that will contribute to the governance, technological roadmap and launch readiness for the Libra payment system. We are honored to welcome Temasek, Paradigm and Slow Ventures to this effort. Each of these organizations shares our overall mission alignment bringing unique capabilities and long-term focus on market development for blockchain and digital assets,” said Dante Disparte, Vice Chairman and head of policy and communications for the Libra Association.

The addition of three new members grows the Libra Association’s membership, including Heifer International, Checkout.com, Shopify and Tagomi, which were announced earlier this year. The increase in membership also follows the planned appointment of a new [first] CEO for Libra.

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JPMorgan

Libra Association announces three new members

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