Elwood, a fintech company that offers comprehensive digital asset trading and investing solutions to institutions, revealed that Boerse Stuttgart Digital would use Elwood’s technology to improve its digital asset offering. Boerse Stuttgart Digital is Europe’s largest infrastructure provider for digital and cryptocurrency solutions.

With more than 200 institutional clients, including top banks, trading companies, and asset managers, Boerse Stuttgart Group has established a substantial cryptocurrency and digital asset business among European exchange groups.

By utilising Elwood’s infrastructure solutions, which offer a strong and user-friendly gateway to trading across important exchanges and liquidity venues, institutional clients will be able to access digital asset markets through this cooperation.

Chris Lawn, CEO, Elwood, stated: “We pride ourselves on providing market-leading digital asset trading and portfolio investing solutions to our clients and are excited to partner with Boerse Stuttgart Digital. We look forward to helping them provide their institutional clients with intuitive and efficient ways to pursue digital asset trading, portfolio management and investing.”

Dr. Ulli Spankowski, managing director Boerse Stuttgart Digital, added: “We are seeing the demand for digital assets grow exponentially across European markets and are excited to be working with Elwood to make it easier for our clients to access them. We share with Elwood a culture of compliance, safety, and regulatory readiness and are confident that this partnership will provide our clients with the technology they need to scale and adapt as this asset class continues to grow.”

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French investment company Wendel has entered a deal to acquire a 75% stake in US private credit manager Monroe Capital.

The move aligns with Wendel’s roadmap to expand its third-party asset management platform.

Initially, Wendel will invest $1.13bn to acquire 75% of Monroe Capital’s shares. This includes 50% from Monroe’s management and 25% from Bonaccord Capital Partners, a minority owner.