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Goldman, Barclays Back Alan Howard’s Crypto Platform

  • Funding round values Elwood Technologies at over $500 million
  • Other investors include Galaxy, Dawn Capital, Commerzbank
Billionaire Alan Howard founded the the cryptocurrency trading platform, Elwood Technologies. 

Billionaire Alan Howard founded the the cryptocurrency trading platform, Elwood Technologies. 

Photographer: Hollie Adams/Bloomberg
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Goldman Sachs Group Inc. and Barclays Plc participated in a $70 million funding round of Elwood Technologies LLP, the cryptocurrency trading platform founded by billionaire Alan Howard, in a collaboration between crypto-native funds and traditional financial institutions.

The financing valued the company at over $500 million, according to a person familiar with the matter. Other investors include Dawn Capital LLP and units of Commerzbank AG and Galaxy Digital Holdings Ltd., the crypto merchant bank headed by billionaire Michael Novogratz, Elwood said in a statement.