Billionaire Alan Howard’s crypto-focused technology firm, Elwood Technologies, has announced a strategic integration with Bloomberg.
According to a report shared by The Block, the integration is for institutional clients using Bloomberg Asset and Management Investment Manager (AIM), which manages approximately $17 trillion in assets through 15,000 customers. The following statements were used in the statement on the subject:
“The integration combines Elwood’s institutional crypto trading capabilities with Bloomberg’s data, analytics and workflow tools, with portfolios of financial institutions and investment managers on the AIM platform and cryptocurrencies. will enable them to make and manage investments”
Bloomberg’s chief purchasing officer, Ian Peckett, said:
“Bloomberg offers AIM customers to Elwood’s market-leading cryptocurrency trading platform. We are very pleased to be able to offer integrated access. It has always been our main goal to provide our clients with the latest capabilities needed to manage their entire investment portfolio in an integrated manner, and this increasingly includes alternative asset classes such as cryptocurrencies.”
The integration is expected to be completed and available in the second quarter of 2022.
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