The technology firm Elwood Technologies, which works in the crypto money sector, has entered into a strategic cooperation with Bloomberg, according to the statement made today.
Elwood Technologies, owned by hedge fund investor Alan Howard, will integrate with the transaction management tool called Bloomberg Asset and Management Investment Manager with the new cooperation established.
This product, which is in Bloomberg’s product range, is planned to be added to the trading platform developed by Elwood. The vehicle in question is a total of $17 trillion It is used by about 15,000 traders who manage the asset.
In a press release by Elwood, “The integration of Elwood’s institutional services for trading cryptocurrencies with Bloomberg’s data also enables financial institutions to invest in crypto. manage in a single process will provide the opportunity.” statement was included.
This year’s collaboration between Bloomberg and Elwood second quarter It is expected that institutional investors will start to benefit from this new integration as of that date.