Elliptic screens over one billion crypto transactions per week for more than 700 customers, detecting money laundering, sanctions evasion, and fraud across public blockchains.Source: Elliptic

How much did Elliptic raise and who invested?

Elliptic raised $120m in a Series D at a $670m valuation on 12 May 2026, led by One Peak with Nasdaq Ventures, Deutsche Bank, and the British Business Bank co-investing.Source: Lowdown

Why do banks need crypto compliance tools like Elliptic?

Banks entering crypto custody or tokenised assets face anti-money-laundering and sanctions obligations that require transaction monitoring on public blockchains, a task their existing systems cannot perform.

Background

Elliptic closed a $120m Series D on 12 May 2026 at a $670m valuation, led by One Peak with Nasdaq Ventures and Deutsche Bank as co-investors. The British Business Bank contributed £13m via both its British Growth Partnership Fund I and the core BBB balance sheet, marking the first dual-instrument BBB deployment in a single deal. Elliptic screens more than one billion crypto transactions weekly for more than 700 customers across 30 countries, including banks, exchanges, and regulators.

Founded in London, Elliptic operates as a blockchain analytics and crypto compliance platform, mapping transaction flows across public ledgers to detect money laundering, sanctions evasion, and fraud. Its customer base spans regulated financial institutions adopting crypto custody or trading services and law enforcement agencies requiring on-chain forensics. Nasdaq Ventures' participation signals integration potential with traditional capital-markets infrastructure.

The Elliptic round lands as regulators in the UK, EU, and US intensify crypto compliance requirements. The Markets in Crypto-Assets (MiCA) regulation in Europe and the UK's own Digital Securities Sandbox are expanding the addressable market for compliance tooling; banks and brokers entering tokenised assets face obligations that make a service like Elliptic operationally necessary rather than optional. Deutsche Bank's stake underlines the convergence of traditional banking infrastructure with on-chain compliance.