Peter Thiel, Coinbase, Distributed Global, GSR.io, And 40 Others Are Backing “Reserve,” An In-Development Decentralized Cryptocurrency Designed To Function Like Normal Money.
Peter Thiel, Coinbase, Distributed Global, GSR.io, And 40 Others Are Backing “Reserve,” An In-Development Decentralized Cryptocurrency Designed To Function Like Normal Money.
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Press Release – SAN FRANCISCO, CA (June 20, 2018) – Peter Thiel, Coinbase, GSR.io, Distributed Global, and 40 other funds and angels, have invested $5 million collectively in a seed round for Reserve, a developmental-stage stable-value cryptocurrency project based in the San Francisco Bay Area founded by Nevin Freeman, a technology and media entrepreneur, and Matt Elder, an engineer with a background in formal verification. Reserve is composed of a 20-person team including engineers from Google and OpenAI, an algorithmic hedge fund founder, and former members of other startups. Strategic advising relationships include monetary economists, sociological experts, hedge fund founders, and Patomak Global Partners, a financial services consultancy led by former SEC Commissioner Paul Atkins that includes former officials from the SEC, CFTC, Federal Reserve, OCC, and Treasury Department.
Peter Thiel, Coinbase, Distributed Global, GSR.io, And 40 Others Are Backing “Reserve,” An In-Development Decentralized Cryptocurrency Designed To Function Like Normal Money.
Peter Thiel, Coinbase, Distributed Global…
Peter Thiel, Coinbase, Distributed Global, GSR.io, And 40 Others Are Backing “Reserve,” An In-Development Decentralized Cryptocurrency Designed To Function Like Normal Money.
Press Release – SAN FRANCISCO, CA (June 20, 2018) – Peter Thiel, Coinbase, GSR.io, Distributed Global, and 40 other funds and angels, have invested $5 million collectively in a seed round for Reserve, a developmental-stage stable-value cryptocurrency project based in the San Francisco Bay Area founded by Nevin Freeman, a technology and media entrepreneur, and Matt Elder, an engineer with a background in formal verification. Reserve is composed of a 20-person team including engineers from Google and OpenAI, an algorithmic hedge fund founder, and former members of other startups. Strategic advising relationships include monetary economists, sociological experts, hedge fund founders, and Patomak Global Partners, a financial services consultancy led by former SEC Commissioner Paul Atkins that includes former officials from the SEC, CFTC, Federal Reserve, OCC, and Treasury Department.