2 years ago
Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
Elwood Technologies, the cryptocurrency institution backed by billionaire money manager Alan Howard, raised $70 cardinal successful a backing circular co-led by Goldman Sachs and Dawn Capital.
The Series A circular besides included UK slope Barclays and Commerzbank’s CommerzVentures, arsenic good arsenic Galaxy Digital Ventures, BlockFi Ventures, Flow Traders, Chimera Ventures and Digital Currency Group (CoinDesk’s genitor company).
London-based Elwood launched its archetypal blockchain and crypto-related products successful early 2019. Of the ample Wall Street banks, Goldman is astir apt starring the mode successful crypto; Barclays, which became a thought person successful early permissioned blockchain experimentation, is an absorbing summation to Elwood’s nationalist crypto trading unchangeable of backers.
“The affluent premix of investors participating successful this rise reaffirms the question of fiscal institutions moving intimately with their autochthonal integer plus exertion providers,” said Elwood CEO James Stickland successful a statement.
Mathew McDermott, planetary caput of integer assets astatine Goldman Sachs, added successful a statement: “As organization request for cryptocurrency rises, we person been actively broadening our marketplace beingness and capabilities to cater for lawsuit demand. Our concern successful Elwood demonstrates our continued committedness to integer assets and we look guardant to partnering to grow our capabilities.”
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Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
Ian Allison is an award-winning elder newsman astatine CoinDesk. He holds ETH.
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