Xapo

We made Xapo for you

Money is our livelihood, our future—our hopes and dreams. It shouldn’t be restricted by the limitations of the past. It should be safe, secure and in our own control. We created Xapo to give everyone the freedom and security to be more and do more with their money.

The impact and opportunity of money

Xapo was founded to address two of the biggest issues with Bitcoin’s success and adoption—accessibility and security. And in less than 4 years it’s become the largest custodian of the cryptocurrency, securing over $10 Billion for its members.

Today, Xapo is expanding beyond Bitcoin to create a robust banking alternative that provides the same level of accessibility and security to all facets of your financial life. Because no matter who we are or where we’re from, we all deserve the opportunity to have more options, more control and more security in our financial lives.

Investors

Xapo has raised $40 million from Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, Ribbit Capital and Emergence Capital Partners.

  • Benchmark Capital is a leading venture capital firm in the Silicon Valley.

  • Greylock Partners is a leading venture capital firm based in Silicon Valley.

  • Index Ventures is a multi-stage international venture capital firm with deep sector expertise.

  • Fortress Investment Group LLC (NYSE: FIG) is a leading, highly diversified global investment manager.

  • Ribbit Capital is a venture capital firm with a focus on changing the world of finance.

  • Emergence Capital Partners is the leading venture capital firm focused on technology enabled services.

  • Pantera Capital invests exclusively in the digital currency ecosystem. We believe digital currencies will do for payments what the Internet has done for communications and commerce.

  • DCG’s mission is to build and support Bitcoin and blockchain companies through our insights, network, and access to capital.

  • AME Cloud Ventures focuses on seed to later stage companies building infrastructure and value chains around data. AME believes that accurate, actionable data will be a major life-blood in the future economy.

  • Benchmark Capital is a leading venture capital firm in the Silicon Valley.

  • Greylock Partners is a leading venture capital firm based in Silicon Valley.

  • Index Ventures is a multi-stage international venture capital firm with deep sector expertise.

  • Fortress Investment Group LLC (NYSE: FIG) is a leading, highly diversified global investment manager.

  • Ribbit Capital is a venture capital firm with a focus on changing the world of finance.

  • Emergence Capital Partners is the leading venture capital firm focused on technology enabled services.

  • Pantera Capital invests exclusively in the digital currency ecosystem. We believe digital currencies will do for payments what the Internet has done for communications and commerce.

  • DCG’s mission is to build and support Bitcoin and blockchain companies through our insights, network, and access to capital.

  • AME Cloud Ventures focuses on seed to later stage companies building infrastructure and value chains around data. AME believes that accurate, actionable data will be a major life-blood in the future economy.

Advisors

  • Lawrence H. Summers He was Secretary of the Treasury under President Bill Clinton, and continues to be one of the leading economic and policy thinkers of our time. “Until now whenever we’ve needed to transfer money we’ve had to rely on a third party, whether it be a bank, a clearing house or a payment network. Bitcoin offers, for the first time, a method for transferring value and making payments from anywhere to anywhere, in real-time, without any intermediary. This could mean we soon see many billions of people sending bitcoins every day as easily as they currently send a text message.”

  • Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. “Bitcoin represents not only the future of payments but also the future of governance,” Mr. Hock said. “We live in the 21st century but are still using command and control organizational structures from the 16th century. Bitcoin is one of the best examples of how a decentralized, peer-to-peer organization can solve problems that these dated organizations cannot. Like the Internet, Bitcoin is not owned or controlled by any one entity, so it presents incredible opportunities for new levels of efficiency and transparency in financial transactions.”

  • John Reed was formerly the Chairman, CEO of Citibank, and was responsible for growing Citibank into the world’s first truly global financial franchise. Under Mr. Reed’s leadership Citibank developed the modern ATM and helped redefine the modern retail banking experience. “Financial services have remained largely untouched by the digital revolution,” says Mr. Reed. “Bitcoin represents a real opportunity for changing that. Money at its core is simply a ledger for keeping track of debts and Bitcoin is truly the best iteration of a universal ledger we’ve ever seen. The mere fact that there will never be more than 21 million bitcoins and that each bitcoin can be divided into 100 million units makes it a significant improvement on any historical form of currency.”

Team

  • Wences Casares is an international entrepreneur who has founded successful technology and financial ventures in the US, South America and Europe. He founded Argentina’s first ISP before dropping out of college, and then went on to found Patagon, Latin America’s premier online brokerage, which was sold to Banco Santander for $750m. He later founded Banco Lemon, a Brazilian retail bank, as well as mobile payment companies Bling Nation and Lemon Wallet, which was acquired in 2013 for $50m.

  • Ted Rogers brings over fifteen years of business and finance experience to Xapo, most recently as co-founder of Arpex Capital, a leading Brazilian investment firm. Ted worked at AOL, Friedman, Billings, Ramsey Group and played his rookie season as a reserve linebacker with the 1992 Super Bowl Champion Washington Redskins. He graduated cum laude from Georgetown University Law Center.

  • Federico Murrone has been focused on technology design and implementation since launching Argentina’s first ISP in college. He served as CTO at Patagon, Latin America’s premier online brokerage, where he designed and implemented trading and banking solutions. Most recently, he worked as CTO of mobile payment companies Bling Nation and Lemon Wallet, which were acquired in 2013 for $50m.

  • Carlos Rienzi is an international security expert. He has spent his career working to make online technology accessible to all users, without having to compromise their security. He most recently spent seven years with Cisco, two at Internet Security Systems, and has served as the head of information security in banking and technology ventures, including Patagon.

  • Pete has worked or over 20 years in international finance. His previous roles include serving as Global Head of Emerging Markets Sales for both Royal Bank of Scotland and UBS, and as Head of Institutional Client Coverage-APAC for UBS. Pete has also served on numerous industry Boards including the Foreign Exchange Management Committee for the Monetary Authority of Singapore.

Xapo is delighted to be part of Libra, working with other organizations to create a simple global currency and financial infrastructure that empowers billions of people.

As a Founding Member of the Libra Association, Xapo brings the technical expertise to operate the Libra Network safely and globally. Libra is a significant step towards our vision, digital money for everyone.