Goldman Sachs and Barclays Invest in Alan Howard's Crypto Trading Platform Elwood Technologies

Banking giants Goldman Sachs and the United Kingdom’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies. This investment marks a significant step forward for Elwood Technologies, founded by British hedge fund manager Alan Howard.

Goldman Sachs (NYSE:GS) and Barclays PLC (LSE:BARC) have joined a US$70mln funding round for Elwood Technologies, an institutional crypto trading platform. The Barclays and Goldman Sachs have joined in a $70 million funding round in Elwood Technologies, the intsitutional-grade digital asset platform founded by British hedge fund manager Alan Howard.

Goldman Sachs and Barclays invested in a $70 million funding round for Elwood Technologies. The crypto trading platform’s CEO said the investment marks “another key milestone” for the company.

Goldman Sachs has, yet again, reinstated its support for the crypto industry by leading an investment round in British billionaire Alan Howard's Elwood Technologies. This highlights the growing acceptance of digital assets within traditional finance.

This $70 million investment from Goldman Sachs and Barclays underscores the increasing demand for institutional-grade crypto trading platforms like Elwood Technologies.