Elwood Technologies, owned by billionaire Alan Howard, has agreed with Bloomberg on a \u201cstrategic integration\u201d of the platform into Bloomberg’s order-management system, The Block reports.<\/p>\n
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.<\/p>\n
\n\u201cThe 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.\u201d<\/em>, \u2014 according to a press release.<\/p>\n<\/blockquote>\n
The integration is expected to be completed in the second quarter of 2022.<\/p>\n
\n\u201cWe will simplify institutional access to the crypto markets.\u201d<\/em>, \u2014 said James Stickland, CEO of Elwood Technologies.<\/p>\n<\/blockquote>\n
As a reminder, Alan Howard invested in crypto startups such as Copper<\/a>, Komainu<\/a>, Bullish Global<\/a>, Bottlepay<\/a> and Ledn<\/a>, as well as in funds 10T Holdings<\/a> of Dan Tapiero and One River Digital Asset Management<\/a>.<\/p>\n
Earlier, the digital asset manager CoinShares agreed<\/a> with Elwood Technologies to acquire a blockchain-ETF-related business.<\/p>\n