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

by Anusuya Lahiri, Benzinga Editor
May 16, 2022 7:37 AM | 1 min read |
Loading...
Loading...
  • 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.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: CryptocurrencyNewsMarketsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!