Industry investment firm Blockchain Capital joins the Libra Association

Blockchain Capital has joined the Libra Association as its twenty-seventh member.

Announcing the news on Friday, the association said Blockchain Capital would assist with building a blockchain-based payment system to support financial services innovation.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The newest addition comes three months after the Facebook-led project added Singapore investment giant Temasek and venture firms Paradigm and Slow Ventures as its members. Notably, Tagomi is no longer listed as an independent member of the association as the company was recently acquired by Coinbase, which itself is a member.

Libra has been gearing up to launch its stablecoins following the release of an updated white paper and applying for the payment license from Switzerland's Financial Market Supervisory Authority (FINMA). On Thursday, the association also announced the hiring of former HSBC European CEO James Emmett as the managing director of Libra Networks — the association's operating company subsidiary.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.