UK based Billionaire Hedge Fund Manager is Putting his Best Bets in the Crypto Sector

Alan Howard is a UK-based businessman, billionaire, and hedge fund manager. He is the co-founder of Brevan Howard Asset Management LLP. He was also listed in the Forbes 2013 addition among the 40 most successful hedge fund managers in the world. He was also featured as the 43rd personality on the UK Sunday Times richest businesspersons. Brevan Howard is reported to operate about $10 billion AUM as soon as 2020. 

Recently, Howard has become the voice of the crypto community in the United Kingdom. There has been news from the region that there is a possibility of a ban from the private and government sectors. It has been claimed that about 90% of hedge fund managers in the UK have no interest in cryptocurrencies. However, Alan Howard is going against the current and is making arrangements to offer digital asset services to different commercial entities with Elwood.

The United Kingdom Conglomerate Elwood is Making Splashes in the Financial Sector and Keeping the Crypto Stream Running

It has been reported that Elwood that is founded by Alan Howard, has invested more than 1.5% of its investment capital into the crypto market. This unique take on digital assets has helped increase the popularity and followership of Howard in the local crypto community. The general impression of cryptocurrencies is not very favorable among the traditional hedge fund managers in the region. Last week the billionaire investor hosted a funding round for Copper co.

Copper Corporation is a crypto custody enterprise that managed to raise about $25 million in a Series B investment promotion for Elwood. Before the Copper investment plans were made, Howard went to invest about $4 million in Kikitrade. It is a cryptocurrency trading application for smartphone users in Asia. He is also busy raising stakes in services like Coinshares and Ledn. Ledn is a crypto-based lending service based in Canada.

Elwood’s spokesperson has told the media that the platform would be working in tandem with more than 30 unique crypto exchange markets and dealing in thousands of crypto variants. Via Elwood, Alan Howard plans to offer crypto-based services for enterprises like digital banks, fintech enterprises, stockbrokers, and other types of payment facilitators. 

The businesses that want to form a partnership with Elwood would have to work with the single API market access. The projects would be powered by an end-to-end trading option, as mentioned by the official website of Elwood. In the beginning, Howard has envisioned expanding into the asset management sectors only. However, he has now made some major changes and added cloud servers and sophisticated software to support his digital asset derivatives business model.

Leave a Reply

Your email address will not be published.

Related

FINCI Helps Open New Market for Ripple

A New Partnership Ripple looks to expand its reach by teaming up with Lithuanian company FINCI. Ripple will make available RippleNet’s ODL services that use XRP to link two currencies, which reduces the cost of operations and speeds up transactions compared to traditional ways. The collaboration rests upon the use of RippleNet’s international payment network […]

ECB’s President, Christine Lagarde, Says Crypto Assets Have No Worth

In an interview, Christine Lagarde, the head of the European Central Bank, made it quite plain where she stands concerning the value of digital assets. Head Of ECB Label Cryptos As Worthless According to a survey by Politico, the head of the ECB noted her position on crypto. The ECB head stated that digital assets […]

UK Regulators are Investigating Terra’s Fiasco and Considering Crypto Rules

UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]

FTX Launches Stock And ETF Trading Option In The United States 

A prominent cryptocurrency exchange, FTX, is getting into the stock trading business. Soon, its users will be able to trade equities and exchange-traded funds on the platform.  Only A Few Users In The United States To Enjoy The Service  The Wall Street Journal reports that the firm Sam Bankman-Fried helped establish and serve as its […]

Major Australian Bank Shelves Crypto Launch Plan

CBA’s Crypto App Plan As previously mentioned last year, Australia’s biggest bank disclosed plans to let its users carry out crypto-related transactions on its app.  It has been taking its plan to develop the project but as not stated a particular time it will finally launch the project to the public. It also has plans […]