Elliptic Raises $120 Million in Series D Led by One Peak and Nasdaq

Elliptic to Advance AI Compliance Following $120M Series D

The infusion of capital brings Elliptic’s total valuation to $670 million. This milestone comes at a time when the lines between decentralized finance and legacy banking continue to blur. Elliptic now screens a larger portion of the global onchain economy than any other private sector provider in the industry.

The New York-based company intends to use the funds to accelerate its delivery of enterprise-grade analytics for banks, fintechs, and government agencies. With stablecoins processing a staggering $33 trillion in transactions during 2025, the demand for real-time risk management has reached a fever pitch.

On Tuesday, Elliptic detailed that it has spent over a decade building a proprietary dataset that spans more than 65 blockchains. This data foundation allows the firm to offer AI-native compliance tools that automate the triage of suspicious activities. By resolving alerts in minutes rather than hours, the platform reduces the overhead costs for global exchanges.

The participation of Nasdaq and Deutsche Bank suggests that institutional-grade infrastructure is no longer optional for the broader market. These entities oversee trillions in daily activity and require robust frameworks to manage the inherent risks of distributed ledger technology.

“As digital assets become more embedded in the global financial system, institutions need trusted infrastructure to manage compliance and risk at scale,” stated Gary Offner, Senior Vice President and Head of Nasdaq Ventures.

The British Business Bank’s involvement highlights the UK government’s interest in fostering technology scale-ups through the British Growth Partnership. This initiative aims to unlock long-term value for pension funds by supporting high-growth sectors like blockchain analytics.

Currently, two-thirds of global crypto volume moves through exchanges that utilize Elliptic’s compliance backbone, the company claims. The platform now supports over 700 customers across 30 different countries, screening more than 1 billion transactions every week, according to the firm’s stats.

As tokenized assets move from the periphery to the core of financial innovation, real-time monitoring is becoming an operational necessity. Elliptic’s platform is designed to catch risks before they crystallize, allowing human investigators to focus on high-priority cases.

“The sustainable growth of digital assets depends on strong, institutional-grade risk and compliance foundations,” noted Sabih Behzad, Global Head of Digital Assets & Currencies Transformation at Deutsche Bank.

The Series D also saw continued support from previous backers, including AlbionVC, Evolution Equity Partners, and JPMorgan. This suggests a consensus among early and late-stage investors regarding Elliptic’s dominance in the field.

CEO Simone Maini believes the financial system is being fundamentally rebuilt onchain. She noted that the company was built for this specific moment where scale and sophistication are paramount for the world’s largest financial players.

As the industry moves forward, the focus remains on scaling compliance without a linear increase in costs. With $120 million in fresh capital, Elliptic is positioned to remain at the center of the ongoing transition to a digital, onchain economy. Chainalysis is a primary competitor of Elliptic in the blockchain surveillance and digital asset compliance sector.