Goldman Sachs-Backed Elwood Clears Regulatory Hurdle with FCA Approval

Fintech firm Elwood Technologies, backed by Goldman Sachs, has received regulatory approval from the Financial Conduct Authority (FCA) for its digital assets execution capabilities in the UK. This marks a significant milestone for the company and the broader digital asset space.

Goldman Sachs-backed Elwood has received FCA approval in the UK. The platform – which is backed by Goldman Sachs and Dawn Capital – has become one of the first digital asset tech providers to receive the authorisation. Elwood Technologies has received authorization to operate as a services company by the FCA, solidifying its position as a key player in the institutional digital asset market.

Software-as-a Elwood Technologies LLP (Elwood or the Company), a leading software-as-a-service (SaaS) platform that provides institutional-grade access to digital assets, is now poised for further growth and expansion thanks to this crucial approval. The FCA authorisation demonstrates Elwood\'s commitment to compliance and regulatory standards, building trust with institutional clients.

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, said, “Today’s announcement shows Elwood’s progress in meeting the consistently increasing need for institutional-grade digital asset infrastructure. The FCA approval further validates Elwood\'s commitment to providing a secure and regulated platform for institutional investors navigating the digital asset landscape."