Elliptic, a London-based blockchain analytics and compliance firm, has raised $120 million in a Series D funding round led by growth equity investor One Peak Partners, with backing from Deutsche Bank and Nasdaq. The raise underscores growing demand for anti-money laundering and sanctions screening tools as digital assets become further integrated into mainstream finance.
Funding Details
The $120 million Series D was led by One Peak Partners. Deutsche Bank and Nasdaq also participated in the round. The investment marks a significant late-stage financing for the crypto compliance sector amid heightened regulatory scrutiny worldwide.
What Elliptic Does
Elliptic provides blockchain analytics and risk management solutions that help banks, crypto exchanges, fintechs, and law enforcement monitor transactions, screen wallets, and identify illicit activity across multiple networks. Its tools are used to support compliance with anti-money laundering (AML), counter-terrorist financing (CTF), and sanctions regimes.
Why It Matters
As regulators tighten oversight of digital assets and traditional financial institutions deepen their involvement in crypto, demand has accelerated for robust compliance infrastructure. Funding for firms like Elliptic reflects a broader push to improve transparency, trace illicit flows, and align crypto markets with global financial standards, including guidance from bodies such as the Financial Action Task Force (FATF).