UK crypto trading firm elwood_io has raised $70 million co-led by Goldman Sachs and Dawn Capital. IanAllison123 reports.
, is an interesting addition to Elwood’s public crypto trading stable of backers.
“The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers,” said Elwood CEO James Stickland in a statement. Mathew McDermott, global head of digital assets at Goldman Sachs, added in a statement: “As institutional demand for cryptocurrency rises, we have been actively broadening our market presence and capabilities to cater for client demand. Our investment in Elwood demonstrates our continued commitment to digital assets and we look forward to partnering to expand our capabilities.”