Singapore’s Temasek has joined Libra together with Paradigm and Slow Ventures.
Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. Facebook established the Libra Association – founded in Geneva, Switzerland – to oversee the currency.
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 catalyze development over the long term.
About the Libra Association
The Libra Association is a Swiss independent member organization, consisting of geographically distributed and diverse businesses and nonprofit organizations.
The Libra Association is developing a blockchain-based payment system supporting financial inclusion and responsible financial services innovation.
Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused investor.
With its forward looking and long term view, Temasek sees innovative technologies such as blockchain as transformative enablers of growth.
Temasek’s efforts to support and advance the use of blockchain technology across a range of use cases, asset classes and sectors, reflects its drive to explore, develop and invest in solutions to bring about a better, smarter, and more sustainable world.
More details below from the press release.
