The blockchain analytics company said the funding will support expansion of AI-powered compliance and transaction monitoring software for banks and crypto firms.
Blockchain analytics company Elliptic raised $120 million in a Series D funding round backed by investors including Nasdaq Ventures, Deutsche Bank and the British Business Bank, as stablecoins and tokenized assets see broader institutional adoption.
The funding round, led by One Peak, values Elliptic at $670 million and will be used to expand its AI-driven blockchain analytics and transaction monitoring services for banks, fintech companies, government agencies and crypto firms, according to the announcement.
Elliptic said its platform screens more than 1 billion blockchain transactions per week across more than 65 networks and is used by over 700 customers in 30 countries.
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