3 years ago

Elwood Raises $70 Million in Series A Funding Led by Goldman Sachs and Dawn Capital

  • Elwood, a London-based cryptocurrency trading platform, has secured $70 million (£57 million) in Series A funding led by Goldman Sachs and Dawn Capital

  • The platform caters to institutional investors, providing access to global crypto markets and analytics

  • Other investors include Barclays, Blockfi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders, and Galaxy Digital Ventures

  • The investment signifies growing cooperation between traditional finance and cryptoasset firms, despite the recent downturn in the global crypto market.

      • ProblemTechnology Infrastructure

      "Institutional investors, like corporations, neobanks, and hedge funds, face challenges in accessing and trading digital assets due to a lack of robust and transparent platforms that meet the high standards expected in traditional finance."

      Solution

      "Elwood provides a platform specifically designed for institutional investors, offering a secure and transparent environment for trading digital assets. It simplifies the process for financial institutions to engage with crypto markets, providing access to global markets and analytics."

      Covered on