Share this article
Peter Thiel Fund Moves to Ease Trades for Big Crypto Investors
Peter Thiel's Founders Fund has reportedly invested in a cryptocurrency startup that aims to optimize the bulk trading of cryptocurrencies.
By Wolfie Zhao
Updated Sep 13, 2021, 7:53 a.m. Published May 2, 2018, 9:00 a.m.
Founders Fund, the Silicon Valley venture capital firm known for its early investment in Facebook, has reportedly put money into a cryptocurrency startup that aims to optimize the bulk trading of cryptocurrencies.
According to the Wall Street Journal on Tuesday, Founders Fund – co-founded by the high-profile investor Peter Thiel and based in San Francisco – is now backing a startup named Tagomi Systems Inc., which boasts a mission to serve as a broker-dealer to optimize bulk bitcoin trading orders for high-value clients.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While it remains unclear how much Founders Fund has invested in Tagomi, the report said the startup has netted $15.5 million in funding so far. In addition, a filing made with the U.S. Securities and Exchange Commission, dated March 15, indicates that Napoleon Ta, a partner at Founders Fund, will serve as a Tagomi director.
According to the WSJ report, the problem that the startup aims to solve stems from a fragmented trading environment across global cryptocurrency exchanges, where, for instance, the price of bitcoin can vary between platforms.
As such, the startup – co-founded by Greg Tusar, the former chief of electronic equities trading at Goldman Sachs – is building a platform that finds the best market to execute large numbers of cryptocurrency trading orders at a specific time.
The news comes soon after it was revealed that Founders Fund itself has already moved to invest in bitcoin, as reported by CoinDesk in January.
It also follows Thiel's bullish view on bitcoin reported in October last year when the billionaire investor argued that critics of bitcoin were "underestimating" the cryptocurrency. And, in March, he said there will ultimately be only one digital equivalent to gold, and bitcoin, as the "biggest" cryptocurrency, will triumph.
Peter Thiel image via CoinDesk
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOGE exits range as selling pressure builds at key levels
The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
What to know:
- Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to cautious guidance and internal disagreements on future easing.
- The memecoin broke below the $0.1310 support level, confirming a bearish shift with increased trading volume.
- The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
Top Stories
