Goldman Sachs and Barclays invest in UK crypto trading platform Elwood By Cointelegraph
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Banking giants Goldman Sachs (NYSE:) and the United Kingdom’s Barclays (LON:) 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 (ETR:), crypto investment manager Galaxy Digital and Dawn Capital, as reported by the Financial Times on Sunday. The fundraising round valued the company at around $500 million, according to the report.
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Banking giants Goldman Sachs (NYSE:) and the United Kingdom’s Barclays (LON:) 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 (ETR:), crypto investment manager Galaxy Digital and Dawn Capital, as reported by the Financial Times on Sunday. The fundraising round valued the company at around $500 million, according to the report.
Continue Reading on Coin Telegraph