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The Libra Association has announced the extension of its membership with three new members, Temasek, Paradigm and Slow Ventures.

The association says the Calibra's project requires "a diverse set of members" in different industries, geographies and sectors to help catalyze development over the long term.

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The Libra Association Vice Chairman and Head of Policy and Communications Dante Disparte says the addition of three new members to the Libra Association shows the association's commitment to building a diverse group of organizations that will contribute to the governance, technological roadmap and launch readiness for the Libra payment system.

"We are honored to welcome Temasek, Paradigm and Slow Ventures to this effort. Each of these organizations shares our overall mission alignment bringing unique capabilities and long term focus on market development for blockchain and digital assets," Disparte added.

Temasek is a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused investor, while Paradigm and Slow Ventures are San Francisco-based cryptocurrency investment firms.

The addition of three new members grows the Libra Association's membership, including Heifer International, Checkout.com, Shopify and Tagomi.

Earlier iHodl reported that the Libra Association appointed former U.S. Treasury Department official Stuart Levey as its first CEO.

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