Elliptic Raises $120m From Wall Street Giants Including Jpmorgan, Nasdaq

Blockchain analytics firm Elliptic has closed a $120 million Series D funding round, pulling in some of the biggest names in traditional finance as institutional demand for crypto compliance tools continues to grow.

The round was led by One Peak Partners, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank, valuing the company at $670 million. Existing investors AlbionVC, Evolution Equity Partners, and J.P. Morgan also participated.

What Elliptic Does

Elliptic is a London-based blockchain analytics company that provides compliance and risk management tools to banks, crypto exchanges, fintech firms, and government agencies. Founded in 2013, the company has spent over a decade building a proprietary dataset spanning more than 65 blockchains. Its core product suite covers anti-money laundering (AML), sanctions screening, and transaction monitoring across crypto markets.

Elliptic screens over 1 billion transactions a week for more than 700 customers across 30 countries. The firm was first to bring AI-native compliance to enterprise scale in 2025, positioning it as a fundamentally different way to run compliance operations.

Why the Raise Matters

The investor lineup signals how seriously mainstream financial institutions are taking on-chain compliance infrastructure. The backers are among the most consequential institutions in global finance, collectively responsible for trillions in daily market activity, and their participation is seen as a signal of where the financial system is heading.

In 2025, stablecoins processed $33 trillion in transactions. That scale makes automated, real-time compliance no longer optional for institutions operating in digital asset markets. The new capital will be used to accelerate Elliptic's mission to deliver enterprise-grade on-chain analytics to the world's largest banks, fintechs, government agencies, and crypto and payments companies.

Specifically, the funding will support growth of Elliptic's AI-native compliance tools and the development of the company's agentic product roadmap. The goal is a compliance operation that resolves alerts in minutes rather than hours, with human judgment reserved for where it genuinely matters.

Sources:
Elliptic official press release: $120 million Series D announcement
Bloomberg: Deutsche Bank, Nasdaq Back Crypto Firm Elliptic in $120 Million Round
PYMNTS: Elliptic Raises $120 Million to Bring Blockchain Analytics to Big Banks