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Goldman Sachs and Barclays invest in UK crypto trading platform Elwood By Cointelegraph


Goldman Sachs and Barclays invest in UK crypto trading platform Elwood

Banking giants Goldman Sachs (NYSE:) and Britain’s Barclays (LON:) have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.

Joining the round was crypto-friendly German bank Commerzbank (ETR:), crypto investment manager Galaxy Digital, and Dawn Capital as reported by the Financial Times on May 15. The fundraising round valued the company at around $500 million according to the report.

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