Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Banking Giants Barclays and Goldman Sachs Back $500,000,000 Crypto Tech Firm

by Daily Hodl Staff
May 17, 2022
in Bitcoin, Blockchain

Financial behemoths Barclays and Goldman Sachs are investing in Elwood Technologies, a crypto infrastructure and market data platform founded by billionaire Alan Howard.

In a new press release, the crypto trading platform says that it raised $70 million in the Series A funding round that was co-led by Goldman Sachs and early-stage venture fund Dawn Capital.

Barclays participated alongside other firms such as crypto-focused venture capital giant Digital Currency Group and the Mike Novogratz-led digital asset investment firm, Galaxy Digital.

The Series A funding round puts the value of Elwood Technologies at approximately $500 million, according to Financial Times.

Says Mathew McDermott, global head of digital assets at Goldman Sachs,

“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.”

According to the Financial Times, the Series A funding round was concluded before last week’s crash which wiped out hundreds of billions of dollars in crypto’s total market capitalization.

Bitcoin (BTC) fell to a low of $26,700, a level last reached in December of 2020. The flagship cryptocurrency has since recovered to about $30,100 but it is still down over 50% from the all-time high of $69,044 hit in November of 2021.

British billionaire Alan Howard will remain as the principal investor of Elwood Technologies, which was initially founded to manage his personal crypto portfolio. Howard is the co-founder of the European hedge fund, Brevan Howard Asset Management.

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/vvaldmann/Natalia Siiatovskaia

Submit a Press Release

Industry Announcements

  • Gate.io Announces Second Audit After Being First Exchange To Provide Proof-of-Reserves
    July 6, 2022
  • VSR Supported by Lamborghini Squadra Corse Implement Corporate NFT Technology With Go2NFT
    July 6, 2022
  • Spritz Finance Launches Direct Wallet Pay, an Easy Way To Pay Real-World Bills With USDC From Any Crypto Wallet
    July 5, 2022
  • Metaverse Summit To Accelerate Open Metaverse and Web 3.0 With International Leaders
    July 5, 2022
  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,403.00
$20,403.00
1.57%
Ethereum
$1,170.33
$1,170.33
3.09%
Cardano
$0.465637
$0.465637
1.84%
XRP
$0.329789
$0.329789
1.92%
Dogecoin
$0.068453
$0.068453
1.46%

Spotlight

  • Analyst Who Accurately Predicted 2022 Bitcoin and Crypto Crash Tells Traders To ‘Get Ready,’ Predicts Huge Altcoin Haircut
    June 29, 2022
  • Richest Bitcoin Whale Splurges Over $102,000,000 on BTC in a Month in Massive Accumulation Spree
    July 2, 2022
  • Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report
    July 5, 2022
  • Big Cardano (ADA) Upgrade Set To Go Live, According to Developers – Here’s the Timeline
    June 30, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl