Tibado has been developed by Tim Jones and Dr. David Everett. Tim and David worked together on Mondex digital cash and subsequently enjoyed successful separate careers.
Tim and David have formed a private UK company, Tibado Limited, to own and exploit the Intellectual Property (IP) in the Tibado approach. Tibado Limited has made a number of patent applications.
The business model of Tibado Limited will be to earn royalties through granting licenses to third parties who will bring Tibado services to market in their respective currencies.
Tim and David have also formed Tibado GBP Limited to exploit the Tibado IP in a GBP currency implementation. Tim and David co-own both Tibado Limited and Tibado GBP Limited.