Difference between revisions of "Tagomi"

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| foundation =    2017
 
| foundation =    2017
 
| location =      Chicago and New York
 
| location =      Chicago and New York
| employees =      <!-- Approx number of employees -->
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| employees =      10 - 20
 
| products =      Electronic digital assets broker
 
| products =      Electronic digital assets broker
 
| twitter =        tagomisystems
 
| twitter =        tagomisystems
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== Products and Services ==
 
== Products and Services ==
  
The brokerage's goal is to provide [http://www.marketswiki.com/wiki/Best_execution best-execution] for its customers. Although this concept is still developing in the cryptocurrency space, Tagomi's COO said in an interview with The Block in 2018 that best-execution "is a little more nuanced. We have to look at best price and best liquidity. Getting access to all of this liquidity is difficult...it might not be easy to get connected to a venue where you can get that price but with Tagomi, you can access multiple venues from a single account, and get a much better price execution which represents the full market." Tagomi also offers its customers consulting services to help them execute trades with as little market impact as possible.<ref>{{cite web|url=https://www.theblockcrypto.com/2018/12/17/peter-thiel-backed-crypto-broker-tagomi-went-live-today-and-its-hoping-to-hold-wall-streets-hand-as-it-dips-its-toes-into-bitcoin/|name=Peter Thiel-backed crypto broker, Tagomi, went live today — and it’s hoping to hold Wall Street’s hand as it dips its toes into bitcoin|org=The Block Crypto|date=December 18, 2018}}</ref> With two distinct services for [http://www.marketswiki.com/wiki/Hedge_fund hedge fund] and high net worth individuals and for active traders, Tagomi  
+
The brokerage's goal is to provide [http://www.marketswiki.com/wiki/Best_execution best-execution] for its customers. Although this concept is still developing in the cryptocurrency space, Tagomi's COO said in an interview with The Block in 2018 that best-execution "is a little more nuanced. We have to look at best price and best liquidity. Getting access to all of this liquidity is difficult...it might not be easy to get connected to a venue where you can get that price but with Tagomi, you can access multiple venues from a single account, and get a much better price execution which represents the full market." Tagomi also offers its customers consulting services to help them execute trades with as little market impact as possible.<ref>{{cite web|url=https://www.theblockcrypto.com/2018/12/17/peter-thiel-backed-crypto-broker-tagomi-went-live-today-and-its-hoping-to-hold-wall-streets-hand-as-it-dips-its-toes-into-bitcoin/|name=Peter Thiel-backed crypto broker, Tagomi, went live today — and it’s hoping to hold Wall Street’s hand as it dips its toes into bitcoin|org=The Block Crypto|date=December 18, 2018}}</ref> With two distinct services for [http://www.marketswiki.com/wiki/Hedge_fund hedge fund] and high net worth individuals and for active traders, Tagomi "streamlined execution" and "advanced trading" products.<ref>{{cite web|url=https://www.apnews.com/ba7aa1fa96ce4fe8aa891142605859c4|name=Tagomi Holdings Inc, an Electronic Brokerage for Digital Assets, Begins Trading|org=AP News|date=December 18, 2018}}</ref>  
offers "streamlined execution" and "advanced trading" products.<ref>{{cite web|url=https://www.apnews.com/ba7aa1fa96ce4fe8aa891142605859c4|name=Tagomi Holdings Inc, an Electronic Brokerage for Digital Assets, Begins Trading|org=AP News|date=December 18, 2018}}</ref>
+
 
 +
In September 2019, Tagomi announced its new service where it brokers bitcoin and Ethereum loans between Tagomi partners customers.<ref>{{cite web|url=https://www.theblockcrypto.com/post/39574/crypto-broker-tagomi-launches-lending-and-borrowing-services-to-facilitate-short-selling/?utm_source=newsletter&utm_medium=email&utm_campaign=2019-09-12|name=Crypto broker Tagomi launches lending and borrowing services to facilitate short selling|org=The Block Crypto|date=September 13, 2019}}</ref> 
  
 
== Background ==
 
== Background ==
  
Tagomi, which is a privately-held company, has raised $15.5 million in funds as of May 2018, including an unspecified amount from Founders Fund, billionaire Peter Thiel’s venture-capital firm.<ref>{{cite web|url=https://www.wsj.com/articles/peter-thiel-backed-venture-to-help-big-investors-bet-on-bitcoin-1525176121|name=Peter Thiel-Backed Venture to Help Big Investors Bet on Bitcoin|org=Wall Street Journal|date=December 18, 2018}}</ref>
+
Tagomi, which is a privately-held company, has raised $15.5 million in funds as of May 2018, including an unspecified amount from Founders Fund, billionaire Peter Thiel’s venture-capital firm.<ref>{{cite web|url=https://www.wsj.com/articles/peter-thiel-backed-venture-to-help-big-investors-bet-on-bitcoin-1525176121|name=Peter Thiel-Backed Venture to Help Big Investors Bet on Bitcoin|org=Wall Street Journal|date=December 18, 2018}}</ref> Tagomi focuses on serving institutions with large [[cryptocurrency]] transactions.<ref>{{cite web|url=https://cointelegraph.com/news/peter-thiel-backed-electronic-brokerage-firm-tagomi-launches|name=Peter Thiel-Backed Electronic Brokerage Firm Tagomi Launches|org=Cointelegraph|date=December 18, 2018}}</ref>  
  
 
In 2019, the [[New York State Department of Financial Services]] (NYDFS) awarded a [[BitLicense]] to Tagomi, making Tagomi the 18th business to have been issued such a license.<ref>{{cite web|url=https://www.coindesk.com/nydfs-grants-crypto-prime-broker-tagomi-latest-bitlicense|name=New York Grants Its 18th BitLicense to Crypto ‘Prime Broker’ Tagomi|org=Coindesk|date=March 27, 2019}}</ref>
 
In 2019, the [[New York State Department of Financial Services]] (NYDFS) awarded a [[BitLicense]] to Tagomi, making Tagomi the 18th business to have been issued such a license.<ref>{{cite web|url=https://www.coindesk.com/nydfs-grants-crypto-prime-broker-tagomi-latest-bitlicense|name=New York Grants Its 18th BitLicense to Crypto ‘Prime Broker’ Tagomi|org=Coindesk|date=March 27, 2019}}</ref>

Revision as of 10:54, 13 September 2019


Tagomi
Tagomi-cryptoninjas.png
Founded 2017
Headquarters Chicago and New York
Key People Jennifer Campbell, Founder; Marc Bhargava, Co-founder; Greg Tusar, Co-founder, CEO; Venu Palaparthi, COO; Kevin Johnson, COO; Dhawal Sharma, General Counsel
Employees 10 - 20
Products Electronic digital assets broker
Twitter @tagomisystems
LinkedIn Profile
Website Tagomi Homepage

Tagomi is an electronic agency brokerage service that launched on December 17, 2018.[1] Tagomi focuses on serving institutions with large cryptocurrency transactions.[2]

Products and Services

The brokerage's goal is to provide best-execution for its customers. Although this concept is still developing in the cryptocurrency space, Tagomi's COO said in an interview with The Block in 2018 that best-execution "is a little more nuanced. We have to look at best price and best liquidity. Getting access to all of this liquidity is difficult...it might not be easy to get connected to a venue where you can get that price but with Tagomi, you can access multiple venues from a single account, and get a much better price execution which represents the full market." Tagomi also offers its customers consulting services to help them execute trades with as little market impact as possible.[3] With two distinct services for hedge fund and high net worth individuals and for active traders, Tagomi "streamlined execution" and "advanced trading" products.[4]

In September 2019, Tagomi announced its new service where it brokers bitcoin and Ethereum loans between Tagomi partners customers.[5]

Background

Tagomi, which is a privately-held company, has raised $15.5 million in funds as of May 2018, including an unspecified amount from Founders Fund, billionaire Peter Thiel’s venture-capital firm.[6] Tagomi focuses on serving institutions with large cryptocurrency transactions.[7]

In 2019, the New York State Department of Financial Services (NYDFS) awarded a BitLicense to Tagomi, making Tagomi the 18th business to have been issued such a license.[8]

Key People

  • Jennifer Campbell - Founder
  • Marc Bhargava - Co-founder
  • Greg Tusar - Co-founder, CEO
  • Venu Palaparthi - COO
  • Kevin Johnson - COO
  • Dhawal Sharma - General Counsel


References