Blockchain analytics firm Elliptic said it has 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 fundraising, led by growth equity firm One Peak, values the London-based company at $610 million, according to a press release issued Tuesday. The British Business Bank also participated.
The investment comes as crypto markets face a wave of security breaches and exploits that have exposed weaknesses in decentralized finance (DeFi) protocols and centralized platforms. Hackers have stolen nearly $3 billion in crypto assets since the start of 2025 through smart contract exploits, phishing attacks and cross-chain bridge breaches, and regulators are pushing exchanges and banks to strengthen anti-money laundering controls.
As a result, blockchain analytics companies have become critical infrastructure providers for institutions moving into the digital asset business. Elliptic’s software tracks crypto transactions across dozens of blockchains and flags wallets linked to sanctions, fraud, ransomware or illicit financing.
Banks, exchanges and government agencies use these tools to monitor transactions and comply with financial crime rules. The company said two-thirds of global cryptocurrency trading volume flows through exchanges that already use its services.
Demand for these systems has accelerated alongside the growth of stablecoins and tokenized assets, which are increasingly moving toward traditional finance. Stablecoins accounted for approximately $33 trillion in transactions last year, according to the company.
Large financial firms are also exploring tokenized securities and blockchain-based settlement systems, raising the stakes for compliance providers who can monitor activity on public blockchains in real time. At the same time, artificial intelligence (AI) tools are making attacks cheaper and faster, forcing a rethink of how crypto systems remain secure.
Elliptic said the new funding will be used to expand its AI-based risk monitoring and analysis tools as institutional adoption of digital assets grows.
“One of the things we’re going to accelerate with funding is our agent product roadmap,” CEO Simone Maini told CoinDesk. “This means building and launching agents that leverage Elliptic’s data set to be able to automate much of what would otherwise be highly manual and repetitive tasks performed by compliance analysts.
“This means these valuable resources can be redeployed to dive deep and investigate financial crime where they need to be,” she said.
