Bloomberg and Elwood Technologies announced their strategic integration to enrich institutional cryptocurrency capabilities. The integration will enable clients’ investments using Elwood's market-leading cryptocurrency trading platform—AIM.
The new comprehensive crypto native solution byElwood will deliver deep liquidity and extensive market data. This infrastructure is the gateway for institutional access to digital assets. The integration combinesElwood's institutional cryptocurrency trading capabilities with Bloomberg's data, workflow tools, analytics, and m, monitoring system. These will enable the financial institutions and investment managers on the AIM platform. This platform's unified investment process can capture and manage their crypto investments. It’s also beenElwood will adopt the Financial Instrument Global Identifier (FIGI) for crypto assets as the common identifier for the integration.
We are very pleased to offer Bloomberg AIM clients integrated access to Elwood's market-leading cryptocurrency trading platform. It has always been our goal to provide clients with the cutting-edge capabilities necessary to manage their entire investment portfolio in an integrated manner, and this increasingly includes alternative asset classes such as cryptocurrencies.”
Ian Peckett, Global Head of Buy-Side Product at Bloomberg.
The integration with Elwood represents Bloomberg's 'Buy Side from Every Side' philosophy and commitment. This commitment willallow clients to maintain the complete portfolio perspective for risk and exposure management when investing in innovative and alternative products.
This strategic partnership continues to deliver on our mission of providing access to digital asset markets in a way that institutions expect. We look forward to working closely with Bloomberg to simplify institutional access to the cryptocurrency market. The most important part not to be missed is that the integration is expected to be completed and available for mutual clients of Elwood and Bloomberg AIM in Q2 2022."
James Stickland, CEO of Elwood Technologies.