Sebastian Sinclair

<div id="highlights-block_628278934da65" class="highlights">
 <ul>
 <li>Funding from the $70 million Series A will go toward expanding its suite of products as well as its global operations</li>
 <li>The list of investors included a mix of both traditional and crypto-native firms, marking another instance of a convergence between mainstream and digital assets</li>
 </ul>
 
</div>



Digital assets trading infrastructure firm Elwood Capital said Monday it had raised a hefty sum in fresh capital from some of the world&#8217;s largest financial institutions.



Dawn Capital, Europe&#8217;s &#8220;largest&#8221; B2B venture capital firm by total assets under management ($1.5bn) and global banking giant Goldman Sachs co-led the $70 million Series A funding round, according to a <a href="https://www.prnewswire.com/news-releases/elwood-technologies-closes-70m-series-a-co-led-by-goldman-sachs-and-dawn-capital-301542867.html" target="_blank" rel="noreferrer noopener">press release</a>.



Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders&nbsp;and Galaxy Digital Ventures also participated in the round.



Funding from the round will go toward expanding Elwood&#8217;s product offerings and its global operations. Elwood&#8217;s platform offers clients access to an order execution management system as part of its crypto infrastructure suite of products.



A portfolio management system and access to market data as well as analytics also form a major part of the company&#8217;s offerings to institutional clients.



The list of investors participating in the round represents an intersection of traditional and crypto-native firms despite the industry&#8217;s <a href="https://cms.blockworks.co/terra-halted-again-exchanges-delist-spot-trading/" target="_blank" rel="noreferrer noopener">recent market turmoil</a>.



&#8220;The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers,&#8221; Elwood&#8217;s CEO James Stickland said. &#8220;Together, we aim to provide broader mass market involvement in digital assets and cryptocurrency.&#8221;



Indeed, <a href="https://cms.blockworks.co/framework-ventures-launches-400m-defi-fund/" target="_blank" rel="noreferrer noopener">investment</a> from outside capital <a href="https://cms.blockworks.co/pantera-capitals-blockchain-fund-has-1b-in-commitments/" target="_blank" rel="noreferrer noopener">continues to flow</a> into startups and businesses in a bid to capitalize on the growth of promising technological and financial innovations.



&#8220;Our investment in Elwood was a natural fit given the business&#8217;s cutting-edge technology, experienced team and significant market opportunity,&#8221; Dawn Capital general partner Josh Bell said in the release. &#8220;Now is an important moment in Elwood&#8217;s evolution as its technology moves to the mainstream.&#8221;



<hr class="wp-block-separator has-alpha-channel-opacity"/>



Get the news in your inbox. Explore Blockworks newsletters:



<ul class="wp-block-list">
<li><a href="https://blockworks.co/newsletter/thebreakdown">The Breakdown</a>: Decoding crypto and the markets. Daily.</li>



<li><a href="https://blockworks.co/newsletter/empire">Empire</a>: Crypto news and analysis to start your day.</li>



<li><a href="https://blockworks.co/newsletter/forwardguidance">Forward Guidance</a>: The intersection of crypto, macro and policy.</li>



<li><a href="https://blockworks.co/newsletter/0xresearch">0xResearch</a>: Alpha directly in your inbox.</li>



<li><a href="https://blockworks.co/newsletter/lightspeed">Lightspeed</a>: All things Solana.</li>



<li><a href="https://blockworks.co/newsletter/thedrop">The Drop</a>: Apps, games, memes and more.</li>



<li><a href="https://blockworks.co/newsletter/supplyshock">Supply Shock</a>: Bitcoin, bitcoin, bitcoin.</li>
</ul>

Elwood technologies