Elliptic closes $120M Series D led by One Peak Partners, backed by Deutsche Bank and NASDAQ
Summary
London-based blockchain analytics company Elliptic has raised $120 million in a Series D funding round led by One Peak Partners, with participation from major institutions like Deutsche Bank and Nasdaq Ventures. This investment brings the company’s total funding to approximately $224 million and values it at roughly $670 million. The company currently processes over 1 billion transactions weekly for more than 700 clients across 30 countries.
Elliptic plans to utilize the new capital to enhance its AI-driven analytics, focusing specifically on transaction monitoring for stablecoins and tokenized assets. As global regulatory frameworks tighten, the demand for sophisticated compliance solutions is growing, particularly as traditional financial giants move toward on-chain assets. Despite competition from firms like Chainalysis and TRM Labs, Elliptic’s established global footprint positions it to serve the increasing needs of multinational banks and government agencies navigating the evolving digital asset landscape.
(Source:Crypto Briefing)