Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.Joining the round was crypto-friendly German bank Commerzbank, crypto investment manager Galaxy Digital, and Dawn Capital as reported by the Financial Times....
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According to reports on Monday, two of the world’s major investment banks, Goldman Sachs and Barclays, have poured a large amount of money in Elwood Technologies, a cryptocurrency trading platform. According to a source familiar with the matter, the funding valued the six-year-old company at around $500 million. Elwood said in a statement that other […]
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