<h4>Quick Take</h4> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The Block has spoken to more than half a dozen sources close to Howard’s crypto operations.</span></li> <li><span style="font-weight: 400;">The former fund manager has made at least nine investments in crypto-related businesses.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Elwood, set up by Howard in 2018 as an asset manager, is pivoting to become a software business focused on crypto liquidity.</span></li> </ul>