Institutional Investment in Crypto Continues as Elliptic Secures $120M Funding

Elliptic, a UK-based blockchain compliance firm, has secured a significant funding round led by One Peak Partners, alongside investments from Deutsche Bank and Nasdaq.

The $120M investment values Elliptic at $670M, marking a substantial milestone for the company. This development is notable as it demonstrates traditional finance institutions' increasing commitment to the crypto space.

Elliptic's technology enables companies to track illicit cryptocurrency flows, which has attracted significant interest from institutional investors. The funding will likely be used to further develop and expand Elliptic's services.