Temasek Joins Libra Association — Facebook’s Global Digital Currency Project
by Fintech News Singapore May 15, 2020The Libra Association, an independent member organization, announced the addition of three new members, Temasek, Paradigm and Slow Ventures. Libra is Facebook’s grand ambition in creating global payment system and financial infrastructure using digital currencies.
In their media statement they stated that Temasek brings a differentiated position as an Asia-focused investors — with its forward looking view they further added that Temasek sees innovative technologies such as blockchain as transformative enablers of growth.
Meanwhile, Paradigm and Slow Ventures add to the Association’s membership of investment funds, whose technological prowess and commitment to developing the blockchain and digital assets market segment will help spur long term developments in the Libra payment system’s open and competitive standard.
San Francisco based Paradigm is a crypto investment firm focused on leading cryptoassets and businesses from the earliest stages of idea formation through maturity. 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.
Dante Disparte
“The addition of three new members to the Libra Association shows our commitment to building a diverse group of organizations 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.
Featured image credit: Unsplash
