Tribal, a B2B financing and payment platform focused on emerging markets, said on Monday it is joining the Blockchain Association, a crypto-industry lobbying group.
- In a statement, the San Francisco-based company said it will contribute its expertise on emerging market blockchain use cases and engage in dialogue with regulators and other stakeholders.
- “We support the development of a flexible, innovation-forward regulatory framework for blockchain and crypto, and we look forward to advancing that as a member of the Blockchain Association,” Tribal CEO Amr Shady said in a statement.
- Tribal raised a $40 million debt round in January from the Stellar Development Foundation (SDF) and the venture debt-funding firm Partners for Growth (PFG).
- In November, the Blockchain Association raised $4 million with contributions from crypto exchange Kraken, Digital Currency Group (CoinDesk’s parent company) and Filecoin Foundation.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.