Banking giants Goldman Sachs and Barclays have invested in Alan Howard’s cryptocurrency trading platform.
The fundraising event saw contributions from several other notable investors, including crypto-friendly German bank Commerzbank, venture capitalist Dawn Capital, and Mike Novogratz’s Galaxy Digital. Commenting on the latest funding round, Matthew McDermott, the global head of digital assets at Goldman Sachs, noted that the bank’s investment in Elwood is a demonstration of its “continued commitment” to the crypto space.“As institutional demand for cryptocurrency rises, we have been actively broadening our market presence and capabilities to cater to client demand,” he said.
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