Elliptic Secures $120M Series D at $670M Valuation as Crypto Compliance Demand Surges

Blockchain analytics firm Elliptic has raised $120 million in a Series D round led by One Peak, valuing the company at $670 million. The funding saw participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank, alongside existing investors AlbionVC, Evolution Equity Partners, and J.P. Morgan.

The capital will fuel expansion of Elliptic's AI-driven compliance platform, targeting institutional adoption as stablecoins and tokenized assets process $33 trillion in annual transactions. The firm currently screens over 1 billion weekly transactions across 65+ blockchains, serving 700 clients including major exchanges handling two-thirds of global crypto volume.

Deutsche Bank's involvement signals growing institutional demand for compliance infrastructure. "Digital assets require trusted risk management at scale," noted Nasdaq Ventures' Gary Offner, underscoring the sector's maturation.