Michael Tanguma’s Post

The entire Early Riders team couldn't be more thrilled to announce our partnership with Gustavo J. Flores Echaiz and the entire Aureo team to bring best-in-class Bitcoin financial services to LATAM, built on multi-institution custody. This team embodies a sound money approach to business building, delivering value to Bitcoin investors in one of the largest markets globally; one that's been mired by inflation, counterparty risk, and now stands ready for Bitcoin-focused, best-in-class services. About the partnership: Early Riders has made a 10 Bitcoin investment in Aureo, a Bitcoin financial services and infrastructure platform operating in El Salvador and Mexico. Aureo is building the dominant gateway for Bitcoin accumulation and conversion in Latin America with a Bitcoin-only model designed for long-term savers, institutions, and enterprises. Why this matters for LATAM: Aureo is expanding from Bitcoin-to-pesos offramping to a complete suite of financial services including: - Custodial and non-custodial Bitcoin custody - Web and mobile app with trading & automated DCA - Multi-Institution Custody (MIC) - institutional-grade resilience - APIs for third-party wallet integration - Lightning Network connectivity with local bank integrations As Gustavo Flores, CEO of Aureo, perfectly stated: "Our mission is to make Bitcoin the default savings technology for Latin America." We couldn't be more excited to see the expansion of multi-institution custody in the LATAM region and the continued growth of the Onramp global key network. We have no shortage of plans and products to work with the team to bring to market. If you're looking to get involved or leverage any of the products Aureo is currently offering, please reach out to the team. We have a Final Settlement episode dropping tomorrow that goes in-depth on the deal process and opportunity, but if you can't wait for that, there's a link to our fully open-sourced investment memo below as well. Onwards!