Elliptic raises $120M Series D, Deutsche Bank, Nasdaq invest

Blockchain analytics firm Elliptic has successfully closed a $120 million Series D funding round, achieving a $670 million valuation. The round was led by One Peak Partners and included participation from the British Business Bank, alongside significant contributions from major financial institutions like Deutsche Bank and Nasdaq Ventures. This investment underscores a growing confidence from traditional finance in the necessity of robust compliance infrastructure for the burgeoning digital asset space. Elliptic's technology is crucial for monitoring cryptocurrency transactions and identifying illicit activities, supporting banks, exchanges, and government agencies in navigating the complexities of crypto regulation.