Elliptic Secures $120M Series D Led by Nasdaq, Deutsche Bank at $670M Valuation

Elliptic's $120 million Series D funding round marks a watershed moment for blockchain compliance infrastructure. Nasdaq Ventures and Deutsche Bank joined lead investor One Peak in a bet that institutional demand for crypto transaction monitoring will surge alongside tokenization and stablecoin adoption.

The London-based firm, now valued at $670 million, screens over 1 billion weekly transactions across 65 blockchains. Its client roster spans 700 financial institutions and crypto businesses in 30 countries - a network built since 2013 when regulators still viewed digital assets as fringe.

This capital injection signals how seriously traditional finance now takes on-chain analytics. As Elliptic expands its surveillance tools, the backing from Nasdaq and Deutsche Bank underscores a broader trend: Wall Street's infrastructure arms are preparing for blockchain-native assets to enter the mainstream.