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Goldman Sachs and Barclays invest in this UK crypto platform

1 min read


Elwood Technologies happy about a blessing. The crypto trading platform from Great Britain raises 70 million US dollars after a financing round. The London company gave up Twitter famous.

The lenders include heavyweights from the banking world. So participated in the round of financing among others Goldman Sachs and Barclays such as Galaxy Digital. With the Commerzbank a German company also appears among the financiers.

According to Financial Times Alan Howard’s company is now valued at $500 million.

The hedge fund manager remains the largest shareholder even after the funding from Goldman Sachs and Co.

Among other things, Elwood Technologies offers a portfolio management system for institutional investors whose interface is connected to crypto exchanges, liquidity providers and custody service providers.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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