Elliptic Raises $120 Million in Series D Led by One Peak and Nasdaq

"Elliptic has raised $120 million in a Series D funding round as traditional finance heavyweights move to cement their positions in the digital asset sector. The investment round was led by One Peak and featured significant participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank."

"Elliptic plans to scale its artificial intelligence (AI)-native platform to monitor $33 trillion in annual stablecoin transaction volume. The infusion of capital brings Elliptic's total valuation to $670 million. This milestone comes at a time when the lines between decentralized finance and legacy banking continue to blur."

"Elliptic now screens a larger portion of the global onchain economy than any other private sector provider in the industry. The New York-based company intends to use the funds to accelerate its delivery of enterprise-grade analytics for banks, fintechs, and government agencies."

"Elliptic detailed that it has spent over a decade building a proprietary dataset that spans more than 65 blockchains. This data foundation allows the firm to offer AI-native compliance tools that automate the triage of suspicious activities. By resolving alerts in minutes rather than hours, the platform reduces the overhead costs for global exchanges."

Elliptic raised $120 million in a Series D funding round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. The round boosted valuation to $670 million for onchain analytics. The company plans to scale its AI-native platform to monitor $33 trillion in annual stablecoin transaction volume. Elliptic aims to accelerate enterprise-grade analytics for banks, fintechs, and government agencies. The platform relies on a proprietary dataset spanning more than 65 blockchains built over more than a decade. It automates triage of suspicious activity and resolves alerts in minutes rather than hours, reducing overhead costs for global exchanges. Institutional involvement signals growing demand for compliance-grade infrastructure as finance and digital assets converge.

Read at news.bitcoin.com