Elwood Technologies, which offers institutional-grade access to digital markets, has scored $70m in its Series A round.
European B2B investor Dawn Capital and global investment bank Goldman Sachs served as the lead investors. Other support came from Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders and Galaxy Digital Ventures.
The FinTech company has earmarked the capital to help it meet the needs of institutional clients by expanding its product offering and global operations.
Elwood Technologies was desogmed tp simplify the entry to digital assets for institutional investors. Its full-stack solution offers seamless execution and deep liquidity, diverse market connectivity, full reporting and analytics, dedicated customer support and access to a broad range of instruments.
Its infrastructure has been perfected over three years and is used by FinTechs, asset managers and FI clients.
Elwood Technologies CEO James Stickland said, “Elwood was established to meet the needs of institutions seeking to secure exposure to digital assets by providing a robust and transparent platform which delivers the highest standards expected in traditional finance.
“We have entered a new chapter in Elwood’s journey and continue to expand our capabilities, enabling our institutional clients to provide their users with improved access to digital assets.”
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