Sögur Currency (SGR), a pioneering venture in the Crypto and Financial Services industries, is reforming the concept of digital currencies under its tagline, World Wide Money. Sögur, formerly known as Saga, promotes SGR as the democratic evolution of money, leveraging a unique bonding curve model for intrinsic value growth while deploying stabilisation mechanisms to manage volatility.
Founded by Ido Sadeh Man in 2017, the United Kingdom-based company operates under not-for-profit principles via Saga Monetary Technologies Limited. Sögur adheres meticulously to UK regulations and international KYC/AML standards. An impressive advisory board, including industry luminaries like Prof. Jacob A. Frenkel and Prof. Myron Scholes, underscores Sögur’s credibility.
Backed by a $30M seed round from esteemed investors such as Lightspeed Venture Partners and Mangrove Capital Partners, Sögur is well-positioned to advance its mission for a fair and reliable global currency. The firm seeks to capitalize on innovative financial models to steer toward a sustainable and community-driven economy.