The Libra Association signs 21 official members and forms board

  • Libra Association secures official signatures of 21 members.
  • David Marcus, the co-founder of Libra, forms part of the six-member board.

The Libra Association managed to confirm 21 members during the inaugural meeting held in Geneva on Monday. The 21 members have signed to become official members of the Libra Association, a body that will take an oversight role for the Libra digital asset.

The signings come immediately after key firms exited the project including PayPal, MasterCard, Visa, Stripe, eBay and Booking.

The meeting in Geneva saw the members sign the Libra Association charter as well as appoint a board of directors. According to The Block, the initial board members are David Marcus who is the co-founder of the project, Andreessen Horowitz general partner Katie Haun, the CEO of Xapo Wences Cesares, the general counsel at PayU Patric Ellis and Mathew Davie the Chief Strategy Officer at Kiva.

Libra Association executive team will fall under the leadership of Bertrand Peres, a renowned PayPal veteran, Dante Disaprte and Kurt Hemecker.

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