Digital asset firm Elwood receives UK regulatory approval

Digital asset company Elwood Technologies has announced its approval by the UK Financial Conduct Authority to become a service company. Elwood provides institutional execution management systems, offering one-stop access to numerous digital asset liquidity providers for cryptocurrency traders. The company was founded by former Brevan Howard CEO Alan Howard, who remains a controlling shareholder. Investors include Dawn Capital, Goldman Sachs, Barclays, Citigroup, Commerz Ventures, Flow Traders, and others. Elwood stated in a statement that the FCA's approval covers "security tokens and derivatives." According to the FCA website, the approval was obtained in November.