Alan Howard, the founding father of and former CEO of the hedge fund Brevan Howard, is now making big strikes into the crypto area, in keeping with a report from The Block.
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Since stepping down as CEO of Brevan Howard, Howard has began a brand new agency known as Elwood, which focuses solely on cryptocurrency.
Created in 2018, Elwood initially provided crypto asset administration. Now, it has transitioned to a software program enterprise that gives establishments entry to crypto markets and exchanges.
Elwood is “a one-stop expertise platform to allow establishments akin to neobanks, fintechs, and asset managers to entry and commerce crypto property throughout exchanges and liquidity suppliers with a single API,” mentioned a supply of The Block’s that’s accustomed to the corporate.
One other supply mentioned that Howard is “making large strikes into crypto and never simply crypto, but additionally crypto asset administration.”
Apart from Elwood’s crypto software program enterprise, he apparently has investments in 9 different crypto-related corporations, together with One River Asset Administration, Bottlepay, Coinshares and rather more.
The businesses in his portfolio symbolize varied sections of the trade with one hedge fund, two custodians, an asset supervisor, a funds supplier, two exchanges and a lender.
One other supply near Howard mentioned that “He is actual severe. He hates lacking out on something.”
When one other supply was requested if Howard had any private investments in cryptocurrency they mentioned that “Alan is a personal investor and simply appears to be like for good investments within the crypto area wherever they might be as a result of he believes in it.”
This story is creating.