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

Published 16/05/2022, 12:37
Updated 16/05/2022, 13:10
© Reuters.  Goldman, Barclays Participate In This Crypto Trading Platform's Financing Round

  • Goldman Sachs Group , Inc (NYSE: NYSE:GS) and Barclays (LON:BARC) PLC (NYSE: 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 (ETR:CBKG), and Galaxy Digital Holdings Ltd units.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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