Blockchain analytics firm Elliptic Enterprises has raised $120 million in a funding round led by Deutsche Bank and Nasdaq's venture arm, signaling institutional adoption of crypto infrastructure.
The investment reflects growing interest from traditional financial institutions in digital-asset services. Elliptic provides blockchain analytics and compliance tools for detecting illicit activity in cryptocurrency transactions.
Deutsche Bank and Nasdaq Ventures join existing backers in funding the London-based firm. The capital infusion comes as major banks expand cryptocurrency offerings to meet client demand.
Elliptic CEO Simone Maini said the funding supports the firm's growth in risk management and compliance solutions for blockchain networks. The company serves financial institutions, cryptocurrency exchanges, and government agencies.
The round underscores a broader trend: established financial players are investing in crypto infrastructure rather than building in-house capabilities. Deutsche Bank, which has faced regulatory scrutiny, is among global banks increasing blockchain investments to remain competitive in digital finance.
Elliptic's valuation was not disclosed in available reports.
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