CoinDesk
London-based blockchain analytics firm Elliptic closed a $120 million funding round led by growth equity firm One Peak, valuing the company at $610 million. The round drew backing from Nasdaq Ventures, Deutsche Bank and the British Business Bank, and arrives as crypto markets absorb a wave of security breaches that has cost the industry nearly $3 billion since the start of 2025.
The capital will fund an expansion of Elliptic's AI-driven monitoring and risk-analysis tools, with CEO Simone Maini telling CoinDesk the priority is an "agentic product roadmap" — autonomous agents layered on top of Elliptic's transaction dataset to automate the repetitive analyst workflows that compliance teams still run by hand. "Those precious resources can be redeployed to deep diving and investigating financial crime where they need to," Maini said.
Why it matters
Elliptic's software tracks crypto transactions across dozens of blockchains and flags wallets tied to sanctions, fraud, ransomware and illicit finance. The company says two-thirds of global crypto trading volume flows through exchanges that already use its services — positioning it as default infrastructure for any institution that needs to answer regulator questions about who touched a given asset.
The strategic investor list matters as much as the dollar figure. Nasdaq Ventures signals demand for the same monitoring stack that public-market infrastructure will need as tokenized securities and blockchain-based settlement move closer to mainstream finance. Deutsche Bank's participation marks a TradFi bank taking a direct stake in the compliance layer that every bank touching crypto will eventually depend on. With stablecoins alone clearing roughly $33 trillion in transaction volume last year, the addressable market for that monitoring layer is no longer hypothetical.
Market impact
The round crystallises a shift in the compliance sector from cost centre to strategic infrastructure.
Frequently asked questions
-
How much did Elliptic raise and at what valuation?
Elliptic raised $120 million in a round led by growth equity firm One Peak, valuing the London-based blockchain analytics firm at $610 million. Nasdaq Ventures, Deutsche Bank and the British Business Bank also participated.
-
Who are the strategic investors in the round and why do they matter?
Nasdaq Ventures and Deutsche Bank took part alongside One Peak and the British Business Bank. Their participation signals that compliance monitoring is now procurement infrastructure for TradFi institutions moving into tokenized securities and onchain settlement, not just a crypto-native cost centre.
-
What will Elliptic do with the new capital?
The company will expand its AI-driven monitoring and risk-analysis tools, with CEO Simone Maini saying the priority is an "agentic product roadmap" — autonomous agents layered on Elliptic's transaction dataset to automate repetitive compliance workflows now done by hand.
-
Why is the round landing now?
Nearly $3 billion in crypto assets has been stolen since the start of 2025 through smart-contract exploits, phishing and cross-chain bridge breaches, and regulators are pushing banks and exchanges to tighten anti-money laundering controls. The raise funds capacity to meet that demand.
-
How big is Elliptic's reach in crypto markets?
Elliptic says two-thirds of global crypto trading volume flows through exchanges that already use its software. Stablecoins alone cleared roughly $33 trillion in transaction volume last year, according to the company, underscoring the scale of the monitoring challenge.
WuBlockchain
Crypto Rank News
TheBlock
CoinTelegraph