A Bloomberg report revealed that the American investment bank, TD Cowen, has shut down its crypto asset unit. According to the report, Cowen Digital will pack up by June 1, which will be the last day for its team. There’s no explanation for the action, which is coming just a year after the bank launched it.
We Won’t Give Up Digital Assets Even With The Closure; Cowen Digital
Even though Cowen Digital has shut its doors, the team reiterated its commitment to crypto services and not giving up on digital assets. However, they could shift to a different organization.
In an email reported by Bloomberg, the team wrote:
“Our entire team believes strongly in need for trusted counterparties who understand the needs of institutional investors – through white-glove high and low touch execution, deep knowledge-driven content, corporate access, and group educational events. We will continue trying to…
