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Alan Howard, founder and former CEO of hedge fund Brevan Howard, is now making huge strides in the crypto space, according to a report from The Block.
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Since stepping down as CEO of Brevan Howard, Howard has started a new company called Elwood, which focuses solely on cryptocurrency.
Established in 2018, Elwood initially offered crypto asset management. Now it has moved on to a software company that allows institutions to access crypto markets and exchanges.
Elwood is “a one-stop-shop technology platform to enable institutions such as neobanks, fintechs and asset managers to access and trade crypto assets between exchanges and liquidity providers with a single API. “said a source from The Block who is familiar with the company. .
Another source said Howard “is making massive moves in crypto and not just crypto but crypto asset management as well.”
Besides Elwood’s crypto software business, he has apparently invested in nine other crypto-related companies including One River Asset Management, Bottlepay, Coinshares and more.
The companies in its portfolio represent various sections of the industry with a hedge fund, two custodians, an asset manager, a payments provider, two exchanges and a lender.
Another source close to Howard said: “He’s really serious. He hates to miss anything.”
This story is developing.
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