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Cowen Digital (TD Cowen)

Cowen Digital (TD Cowen) logo
📍 New York, New York
🇺🇸 US

Cowen Digital was the digital assets arm of investment bank Cowen, launched in March 2022 to give institutional clients exposure to cryptocurrencies including bitcoin and ether across roughly 16 assets. TD Bank Group acquired Cowen in March 2023, creating TD Cowen. In late May 2023 the digital assets unit was shut down about a year after launch, with about 10 employees affected. TD Cowen operates as a broker dealer subsidiary of The Toronto Dominion Bank. In the year ended October 31, 2024 TD also disposed of Cowen legacy prime brokerage and outsourced trading businesses. The Cowen Digital cryptocurrency trading offering is no longer active.

Services & Coverage
USbitcoinetherdigital assets
digital-assetsinstitutionalcrypto-tradinginvestment-bankinactive

🏛 Regulatory Status

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in LinkedIn
Company Info
Founded 2022
Size Small

Recent News

TD Cowen says crypto market structure bill passage ‘far from assured’ before midterm election
The Block · 2026-06-29

Regulatory uncertainty on crypto market structure directly impacts tokenization timelines and compliance frameworks for securities professionals launching RWA platforms.

TD Cowen says CME has the upper hand in lawsuit against CFTC over crypto perpetual futures
The Block · 2026-06-19

CME's potential regulatory victory could reshape how U.S. derivatives markets classify and govern crypto perpetual futures contracts.