Goldman, Barclays Participate In This Crypto Trading Platform's Financing Round

Goldman Sachs Group, Inc GS and Barclays PLC BCS were a part of a $70 million funding round of Elwood Technologies LLP, Bloomberg reports.
Elwood is a cryptocurrency trading platform founded by billionaire Alan Howard in collaboration between crypto-native funds and traditional financial institutions.
Elwood looked to meet the needs of institutions seeking exposure to digital assets. The platform enterED a new phase “to provide broader mass market involvement.
The financing valued the six-year-old company at over $500 million.
Other investors include Dawn Capital LLP, Commerzbank AG, and Galaxy Digital Holdings Ltd units.