Banking giants Goldman Sachs (NYSE:) and the United Kingdom’s Barclays (LON) has participated in a Series A financing round totaling $70million for Elwood Technologies’ institutional crypto trading platform Elwood Technologies. It was established by Alan Howard, an American billionaire hedge fund manager.

Participating in the round was crypto-friendly German bank Commerzbank (ETR:)As a crypto investor manager Galaxy Digital, Dawn Capital and Dawn Capital. reportedThe Financial Times published this Sunday. According to the report the valuation of the company after the round was completed was around $500million.

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