Elliptic secures $120M for blockchain analytics

Blockchain analytics firm Elliptic has successfully raised $120 million in a Series D funding round, achieving a valuation of $670 million. This significant capital injection is earmarked to enhance the company's capabilities in providing advanced blockchain analytics to major financial institutions, government bodies, and payment companies. The funding round, led by One Peak with participation from Nasdaq Ventures, underscores the growing demand for sophisticated tools to navigate the complexities and risks associated with blockchain technology and digital assets.