TechFlow news — New York-based investment bank Cowen (COWN) has launched a digital assets division, Cowen Digital LLC. The new unit will offer institutional clients a full range of trading execution and custody solutions. Drew Forman, Managing Director at Cowen, will lead the division.
Forman said the firm is already trading approximately 16 tokens, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC), and maintains a client list numbering in the hundreds. Custody services will be handled by Standard Custody & Trust, a subsidiary of digital asset infrastructure firm PolySign. Cowen made a $25 million strategic investment in PolySign last May.
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