Elliptic closed a $120 million Series D round valuing the blockchain-analytics firm at $670 million, with One Peak Partners leading the financing. The round drew strategic backing from Nasdaq Ventures, Deutsche Bank and the British Business Bank, alongside returning investors JPMorgan, Evolution Equity Partners and AlbionVC.
The funding is aimed at accelerating global expansion and advancing Elliptic’s AI-native transaction monitoring and crypto-security products. The company is positioning the raise around the need to automate compliance at institutional scale as stablecoins, tokenized assets and on-chain settlement become more embedded in financial markets.
AI Agents Move Into Transaction Monitoring
Elliptic said the new capital will support development of AI-powered agents designed to automate repetitive compliance tasks. The goal is to free human analysts for more complex financial-crime investigations, while improving throughput across alert review and transaction-monitoring workflows.
The company already operates at significant scale, reporting more than one billion transactions processed weekly across 65 blockchain protocols. Its customer base includes more than 700 clients across 30 countries, giving the firm a broad operating footprint across banks, fintechs, crypto platforms and regulatory-facing teams.
Nasdaq Ventures framed the investment around institutional trust. Gary Offner, Senior Vice President and Head of Nasdaq Ventures, said institutions need trusted infrastructure to manage compliance and risk at scale as digital assets become more embedded in the global financial system.
Deutsche Bank also emphasized risk infrastructure. Sabih Behzad, Global Head of Digital Assets & Currencies Transformation, said the investment reflected a focus on strengthening institutional-grade compliance foundations for digital assets and tokenized markets.
Institutional Demand for On-Chain Surveillance Grows
Elliptic CEO Simone Maini described the financing as enabling faster deployment in a market where financial systems are being rebuilt on-chain. That framing places blockchain analytics inside the core infrastructure stack for custody, payments, settlement and tokenization.
JPMorgan’s continued participation, following its 2021 Series C investment, reinforces institutional conviction in transaction-monitoring tools. The bank’s involvement signals sustained demand for analytics that trace flows and identify suspicious activity despite digital-asset market volatility.
The round also reflects a broader regulatory backdrop. As tokenized assets and stablecoins scale, banks, fintechs and regulators need faster surveillance, better risk scoring and more automated investigation workflows to manage compliance pressure.
AI-native monitoring could reduce manual review bottlenecks and shorten investigation timelines. The operational impact is higher alert-processing capacity with more analyst time reserved for complex cases, especially where cross-chain activity or sanctions exposure is involved.
The broader market implication is clear: institutional crypto adoption increasingly depends on compliance infrastructure. Elliptic’s raise shows risk and surveillance tooling is becoming a strategic investment category as regulated counterparties expand into on-chain finance.
