Blockchain analytics company Elliptic has secured US$120 million in a Series D funding round to scale its compliance platform as traditional financial institutions increase their exposure to digital assets.
Growth equity firm One Peak led the round, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank.
The investment brings the company’s valuation to $670 million.
Elliptic will use the new capital to expand its enterprise-grade analytics tools for banks, government agencies, and cryptocurrency platforms.
The funding arrives as regulated institutions begin transacting more frequently on digital asset networks, deepening their integration with tokenised assets.
Stablecoins processed US$33 trillion in transaction volume in 2025.
This rising volume has turned real-time crypto compliance monitoring into an operational necessity for exchanges and payment firms.
“The sustainable growth of digital assets depends on strong, institutional-grade risk and compliance foundations,”
said Sabih Behzad, Global Head of Digital Assets and Currencies Transformation at Deutsche Bank.
“Our investment in Elliptic reflects our focus on strengthening these foundations,”
Behzad added.
Deutsche Bank has been actively building its digital asset capabilities, including a partnership with Swiss fintech Taurus to establish digital asset custody.
Elliptic screens over one billion transactions weekly across more than 65 blockchains. The company says two-thirds of global crypto trading volume is transacted on exchanges that already use its systems.
In 2025, the company launched an AI system designed to automate compliance investigations and reduce costs.
The architecture relies on a proprietary dataset built over 13 years of continuous entity labelling.
“Financial systems are being rebuilt on-chain,”
said Simone Maini, CEO of Elliptic.
“The institutions leading that transition need an analytics partner that matches their scale, their sophistication, and their ambition.”
Featured image credit: Edited by Fintech News Switzerland, based on image by Markus Winkler via Unsplash
