Elliptic Draws Nasdaq and Deutsche Bank Backing in $120M Series D Raise

TLDR

• Elliptic raises $120M as Nasdaq and Deutsche Bank join Series D round

• Elliptic hits $670M valuation after major digital asset funding round

  

• Nasdaq and Deutsche Bank back Elliptic’s blockchain compliance platform

• Elliptic expands on-chain analytics push with fresh $120M capital raise

• Elliptic funding signals rising demand for crypto compliance infrastructure

Elliptic raised $120 million in Series D funding as major financial institutions expanded their digital asset infrastructure bets. One Peak led the round, while Nasdaq Ventures, Deutsche Bank, and the British Business Bank joined. The raise valued Elliptic at $670 million and strengthened its role in on-chain compliance.

Elliptic Secures Major Backing From Global Finance

Elliptic will use the new capital to expand its blockchain analytics platform for banks, fintechs, governments, and crypto firms. The London-based company provides tools that help institutions monitor digital asset transactions and detect financial crime. Besides, the funding comes as regulated finance moves deeper into stablecoins, tokenized assets, and on-chain settlement.

The company started in 2013 and has built a large proprietary data network across the crypto market. Elliptic now covers more than 65 blockchains and screens over 1 billion transactions each week. It also serves more than 700 customers across 30 countries, including exchanges and financial institutions.

Nasdaq Ventures and Deutsche Bank added weight to the round because both firms already operate across global markets. Their participation shows growing demand for trusted compliance systems as traditional finance adopts digital assets. Moreover, Elliptic’s valuation reflects rising interest in infrastructure that supports safer on-chain finance at scale.

AI Compliance Becomes Central to Digital Asset Growth

Elliptic positioned its platform around AI-native compliance as transaction volumes increased across crypto markets. The company says its data helps automate reviews, reduce investigation time, and improve risk decisions. Hence, its technology targets compliance teams that must handle larger volumes without sharply raising costs.

Stablecoins and tokenized assets also raised the need for faster monitoring systems. In 2025, stablecoins processed trillions in transaction volume across exchanges, payment firms, and corporate treasury channels. Consequently, real-time screening has become a direct operating need for firms using digital asset rails.

Elliptic’s platform helps companies identify sanctions exposure, money laundering risks, and illicit flows across blockchain networks. The firm also supports government agencies that track crypto-linked crime and cross-border asset movement. However, its current growth comes mainly from institutional demand for scalable compliance tools.

Funding Supports Broader On-Chain Finance Push

One Peak led the Series D round after reviewing demand from major customers across the digital asset sector. The British Business Bank also joined through its growth investment strategy for UK technology companies. Meanwhile, returning backers included J.P. Morgan, Evolution Equity Partners, and AlbionVC.

Deutsche Bank’s involvement fits its broader work around digital assets, currencies, and crypto market infrastructure. The bank has supported crypto firms through banking and foreign exchange services in recent years. Similarly, Nasdaq Ventures’ backing follows Nasdaq’s continued work on tokenized market systems and digital asset products.

Elliptic now plans to deepen global adoption and support larger enterprise customers across regulated finance. The company sits at the center of a market where compliance, data, and automation increasingly define growth. As on-chain finance expands, Elliptic aims to serve as a core risk layer for institutions.

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