Tech

British trading crypto platform raises $ 70 million from Barclays and Goldman Sachs

A platform for cryptocurrency trading Elwood Technologies founded by a billionaire British hedge fund Alan Howard raised $ 70 million in funding. The B2B investor became the joint leader of the round Dawn capital and Goldman Sachsinvolving with Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, A group of digital currencies, Flow Traders and Galaxy Digital Ventures. Current funding estimates the six-year campaign at more than $ 500 million.

The UK’s end-to-end digital asset platform, designed to meet the needs of institutions seeking access to digital assets, provides connectivity to global cryptocurrencies with low latency and deep liquidity through a single API.

James Stickland, CEO of Elwood Technologies, said: “The wide mix of investors involved in this enhancement confirms the movement of financial institutions working closely with their native digital asset technology providers. Together, we are committed to greater mass market participation in digital assets and cryptocurrency. We look forward to working with our investors to further improve our offerings and expand their reach in the marketplace. ”

Matthew McDermottGoldman Sachs, head of global digital assets, added: “Our investment in Elwood demonstrates our continued commitment to digital assets, and we look forward to partnering to expand our capabilities.”

https://tech.eu/2022/05/16/british-crypto-trading-platform-raises-70-million-from-barclays-and-goldman-sachs

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