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Alan Howard-Backed Elwood Technologies in Talks to Sell Part of the Business: Sources

  • Elwood is in talks to sell part of the business, focusing more on the portfolio management and risk management services and less on the trading side, according to sources.
  • The current reorganization of hedge fund manager Alan Howard's portfolio of crypto investments has resulted in changes at Elwood, a source told CoinDesk.
UnmuteAptos' APT Token Down 52% in April After Booming March: VanEck02:13Key Events You Shouldn't Miss at Consensus 202411:19What to Expect From Consensus 202413:29Will Solana and Altcoins Dominate the Market Next?07:15What's Next for FIT21?Elwood Technologies, the cryptocurrency-focused trade execution and risk management platform backed by billionaire hedge fund manager Alan Howard, is in talks to sell part of the business, according to four people with knowledge of the situation.Elwood has re-evaluated its road map and is focusing on its existing portfolio management and risk management software-as-a-service business and less on the trading side, one of the people said.London-based Elwood employs about 100 staff across offices in the U.K., U.S., Jersey and Singapore. Elwood comprises trade execution and portfolio management software, with risk management services such as exposure tracking and collateral monitoring added in May last year.The company made $11.5 million in revenue in 2023 but reported a loss of $16.9 million after paying its partners $23.3 million, according to a filing.A second person said Howard’s current reorganization of his portfolio of crypto investments has resulted in changes at Elwood. Earlier this year, Bloomberg reported that Howard was looking to sell his stakes in crypto exchange Bitpanda and custody firm Copper to focus on Brevan Howard Digital.Elwood declined to comment. Alan Howard did not respond to a request for comment.Elwood raised $70 million in Series A funding in early 2022 led by Goldman Sachs and Dawn Capital, with investors including Barclays, Commerzbank’s CommerzVentures and Galaxy Digital Ventures.Read more: Institutional Crypto Trading Platform Elwood Technologies Expands OfferingsEdited by Aoyon Ashraf.

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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