Elwood Technologies and Bloomberg to Offer Service for Institutional Crypto Investors

Elwood Technologies, owned by billionaire Alan Howard, has agreed with Bloomberg on a “strategic integration” of the platform into Bloomberg’s order-management system, The Block reports.

Bloomberg Asset and Management Investment Manager (AIM) serves 15,000 clients with assets of more than $17 trillion. Elwood Technologies helps banks and fintech firms gain access to crypto liquidity via APIs.

“The integration will combine Elwood’s institutional crypto trading capabilities with Bloomberg’s data, analytics and document-management tools. This will enable financial institutions and investment managers on the AIM platform to execute digital asset trades within a single investment process.”, — according to a press release.

The integration is expected to be completed in the second quarter of 2022.

“We will simplify institutional access to the crypto markets.”, — said James Stickland, CEO of Elwood Technologies.

As a reminder, Alan Howard invested in crypto startups such as Copper, Komainu, Bullish Global, Bottlepay and Ledn, as well as in funds 10T Holdings of Dan Tapiero and One River Digital Asset Management.

Earlier, the digital asset manager CoinShares agreed with Elwood Technologies to acquire a blockchain-ETF-related business.

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