The State of Institutional Money & Crypto with Tagomi Co-Founder Marc Bhargava & COO Kevin Johnson

When Tagomi came out of stealth mode in 2018, the need for a crypto prime broker was a commonplace talking point in the digital asset world. An independent broker, sitting in between the spine-tingling market and investors, would help lure larger asset managers to bitcoin, pundits said. Indeed, two years later even Tagomi has been disappointed by the lack of asset managers in the market and their focus on best execution, although important, is no longer core. Still, even though the firm's conception of a crypto prime broker has changed, it sees other opportunities on the horizon.

In this episode of The Scoop we explore:

• How the firm has adapted when the institutional wave of asset managers fell apart
• How the notion of a crypto prime broker has changed since the company's founding
• How Tagomi can serve traditional technology companies entering the market, such as Facebook Libra and Robinhood
• Examine the on-boarding process for large institutional investors
• Why the firm does not want to service retail clientele 
• Why the firm is bullish on Libra