Digital Asset Management News

Elwood Secures Investment Business Licence, Strengthening the Firms Digital Asset OTC Capabilities

Elwood Secures Investment Business Licence, Strengthening the Firms Digital Asset OTC Capabilities

Elwood Capital Management Limited, a leading OTC Desk providing institutional access to digital asset markets, has announced it has successfully obtained an Investment Business license by the Jersey Financial Services Commission (JFSC).

Today’s announcement is the first Investment Business licence granted to a native digital asset business in Jersey, further enhancing Elwood’s OTC capabilities. Elwood can now provide trading in security tokens and derivatives, in addition to non-securities, under Elwood Capital Management Limited’s Virtual Asset Service Provider (‘VASP’) Schedule 2 Registration.

Latest Fintech News: Klarpay AG Enhances Global Payment Solutions with Local ACH Payments in 40+ Currencies

As one of the world’s most respected offshore financial regulatory authorities, the JFSC rigorously evaluates and monitors businesses operating within the Jersey financial service market.

Commenting on the announcement, Oliver Butlin, Director & Global Head of Trading, said, “We are incredibly proud of the Elwood team working with the Jersey Financial Services Commission to secure this Investment Business licence. This step is an essential milestone in bringing the same regulatory expectations of our clients in traditional asset classes to digital assets.”

Latest Fintech News: Stori Raises $50 Million Debt Capital as It Reaches 2 Million Customers in Mexico

Elwood remains dedicated to providing their clients a positive and user-friendly experience while ensuring the highest security and regulatory compliance standards.

About Elwood Capital Management Limited

Elwood Capital Management Limited is a leading digital asset trading firm, delivering execution services that offers deep liquidity and client led solutions for institutions, family offices and professional investors. Leveraging Elwood Technologies’ crypto-native platform and connectivity, Elwood Capital Management allows financial institutions to access the digital assets market quickly and efficiently, minimising market impact.

Latest Fintech News: Global Paytech Ventures Invests in Klearly’s ‘Tap to Pay’ Solution for Merchants

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Valour Confirms No Exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank

PR Newswire

Kasasa Finds Those With a Community Financial Institution As Their Primary FI Are More Likely To Be Satisfied Than Those at Megabanks During Pandemic

Fintech News Desk

Flywire and Tribal Group Partner to Deliver Integrated Payments Solution for Education Market

Fintech News Desk
1