Elwood Digital Asset Platform Lands $70M Series A
Digital asset exchange infrastructure platform Elwood Technologies has closed a $70 million Series A funding round.
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 company says the investment from legacy financial institutions represents “widening convergence between traditional finance and digital assets, as well as an increased appetite from institutional investors in the crypto ecosystem. cash”.
Elwood CEO James Stickland said: “The rich mix of investors participating in this increase 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 comprehensive solution, via an application programming interface (API), enables financial institutions, fintechs, neo-banks and asset managers to secure exposure to digital assets.
The platform provides access to deep execution and liquidity, diverse market connectivity, comprehensive reporting and analysis, and a wide range of instruments.
The Series A money will be used to expand both Elwood’s product offerings and global operations.