Blockchain analytics firm Elliptic said it raised $120 million in new funding from investors including Nasdaq Ventures and Deutsche Bank as financial institutions increase spending on crypto compliance and security infrastructure.
The round, led by growth equity firm One Peak, values the London-based company at $610 million, according to a press release Tuesday. British Business Bank is also involved.
The investment comes as the cryptocurrency market faces a wave of security breaches and exploits that have exposed weaknesses in decentralized finance (DeFi) protocols and centralized platforms. Regulators are urging exchanges and banks to tighten anti-money laundering controls after hackers stole nearly $3 billion in crypto assets since the start of 2025 through smart contract vulnerabilities, phishing attacks and cross-chain bridge vulnerabilities.
As a result, blockchain analytics companies have become key infrastructure providers for institutions entering the digital asset industry. Elliptic’s software tracks crypto transactions across dozens of blockchains and flags wallets associated with sanctions, fraud, ransomware or illicit finance.
Banks, exchanges and government agencies use these tools to monitor transactions and comply with financial crime rules. The company says that two-thirds of global cryptocurrency trading volume flows through exchanges that already use its services.
The demand for these systems is accelerating as stablecoins and tokenized assets grow and these assets increasingly find their way into mainstream finance. According to the company, stablecoin transaction volume last year was approximately $33 trillion.
Large financial firms are also exploring tokenized securities and blockchain-based settlement systems, raising risks for compliance providers who can monitor public blockchain activity in real time. At the same time, artificial intelligence (AI) tools are making attacks cheaper and faster, forcing a rethink on how cryptographic systems remain secure.
Elliptic said the new funding will be used to expand its AI-driven monitoring and risk analysis tools as institutional adoption of digital assets continues to grow.
“One of the things we will use this funding to accelerate is our proxy product roadmap,” CEO Simone Maini told CoinDesk. “This means building and launching an agent that sits on top of the Elliptic dataset to be able to automate many of the highly manual, repetitive tasks performed by compliance analysts.
“This means those valuable resources can be redeployed where they are needed to deeply investigate and investigate financial crime,” she said.
