Home Tech Digital assets platform Elwood lands $70m Series A

Digital assets platform Elwood lands $70m Series A

219
0
Elwood

Digital asset trading infrastructure platform Elwood Technologies has closed a $70 million Series A funding round.

Elwood lands $70m Series A

The round, co-led by B2B investor Dawn Capital and global investment bank Goldman Sachs, saw participation from Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders and Galaxy Digital Ventures.

The UK-based firm says the investment from legacy financial institutions represents the “broadening convergence between traditional finance and digital assets, as well as a heightened appetite from institutional investors in the cryptocurrency ecosystem”.

Elwood CEO James Stickland says: “The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers.

“Together, we aim to provide broader mass market involvement in digital assets and cryptocurrency.”

Elwood’s full-stack solution, via one Application Programming Interface (API), allows financial institutions, fintechs, neobanks and asset managers to secure exposure to digital assets.

The platform provides access to execution and deep liquidity, diverse market connectivity, full reporting and analytics and access to a broad range of instruments.

The Series A cash will go towards expanding both Elwood’s product offerings and its global operations.

https://www.fintechfutures.com/2022/05/digital-assets-platform-elwood-lands-70m-series-a/

Previous articleDawn Ward reveals she’s moving in with Taylor ahead of birth: ‘She’ll be an amazing mum’
Next articleEnergy bills UK: How can the government help reduce soaring gas and electricity bills?