- The New Jersey-based blockchain startup is backed by Peter Thiel’s Founders Fund.
- Recently, Tagomi secured $12 million in funding, which took the total raised capital to $28 million.
The New York Department of Financial Services (NYDFS) granted Tagomi their 18th BitLicense. Tagomi Trading is a subsidiary of Tagomi Holdings, an electronic brokerage firm for crypto asset offering market execution, capital management, post-trading reporting, along with settlement and custodial services.
Tagomi co-founder, Greg Tusar, said:
“We are excited that DFS has approved our application as New York’s first agency brokerage for virtual currencies. Our team of industry veterans has developed our order routing services with sophisticated clients in mind, and we look forward to expanding our presence with New Yorkers. We appreciate the DFS’s thorough review and careful approach to virtual currency market participants to make for a more transparent and equitable virtual currency landscape.”
Linda Lacewell, the Acting Superintendent of NYDFS, said:
“DFS is committed to fostering innovation and strengthening the competitiveness of New York’s burgeoning virtual currency sector. The Department’s approval of Tagomi’s virtual currency and money transmitter licenses provides consumers with more choice and more protection in a continuously evolving global financial services marketplace.”
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