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Blockchain analytics firm Elliptic closes $120 million Series D as Deutsche Bank, Nasdaq deepen crypto bets

The Block
Blockchain analytics firm Elliptic raised $120 million in Series D funding to expand its compliance services for institutional clients.

Summary

London-based blockchain analytics provider Elliptic has successfully secured $120 million in a Series D funding round, reaching a valuation of $670 million. Led by One Peak Partners, the investment includes participation from major financial institutions such as Deutsche Bank and Nasdaq’s venture arm, alongside returning investors like JPMorgan. Elliptic provides critical software for monitoring cryptocurrency transactions, helping banks and government agencies identify illicit activities like money laundering. The firm intends to use the new capital to accelerate global adoption of its services as financial institutions continue to integrate digital assets into their infrastructure.

(Source:The Block)