Investment bank Cowen will close its digital asset division Cowen Digital

ChainCatcher news, according to The Block, investment bank Cowen's digital asset division Cowen Digital, launched last year, will be shutting down. Cowen announced the launch of Cowen Digital in March 2022 and planned to provide trading execution and custody solutions for institutional clients. Subsequently, Cowen hired former executives from Blockchain.com and Coinbase to join Cowen Digital. (source link)