B2B Payments Platform Tribal Joins the Blockchain Association

The emerging markets-focused company is becoming a member of the crypto-lobbying group and plans to engage with regulators and other stakeholders.

AccessTimeIconJun 27, 2022 at 4:14 p.m. UTC
Updated May 11, 2023 at 6:47 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.
  • In April, Binance.US left the Blockchain Association due to a difference of “values, goals and standards,” the company told CoinDesk at that time. Binance.US will instead focus on its own lobbying efforts in Washington D.C., and state capitals across the country.
  • 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.
  • Aptos' APT Token Down 52% in April After Booming March: VanEck
    Aptos' APT Token Down 52% in April After Booming March: VanEck
  • Key Events You Shouldn't Miss at Consensus 2024
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    Will Solana and Altcoins Dominate the Market Next?
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    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 employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Andrés Engler

    Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.