Elliptical Land, backed by One Peak, Deutsche Bank and Nasdaq, $120 million in funding

Elliptic Enterprises Ltd., a London-based blockchain analytics firm, has raised $120 million in a funding round backed by Deutsche Bank and Nasdaq Ventures, the company said on Tuesday.

The investment round was led by One Peak Partners and valued the blockchain analytics firm at $670 million. British Business Bank and AlbionVC participated in the financing.

In the year Since its founding in 2013, Elliptic has focused on bringing compliance and transparency to the digital asset industry through blockchain analytics. The company developed the world's first blockchain-based compliance tools and has grown into one of the industry's leading providers of crypto risk management and financial crime prevention solutions.

Recognized as a technology pioneer by the World Economic Forum, Elliptic today serves hundreds of clients worldwide and controls the majority of digital asset trading activity worldwide.

CEO Simon Maini said the funding will help expand Elliptic's global footprint and scale adoption of its compliance tools as traditional financial institutions continue to build digital asset businesses.

The funding comes amid growing institutional interest in crypto compliance infrastructure and blockchain analytics services.

Banks, trading platforms and asset managers continue to roll out digital asset products, financial offerings and blockchain payment initiatives, increasing the need for scalable compliance systems.

At the same time, the digital asset industry has seen strong institutional engagement under a more supportive regulatory backdrop under President Donald Trump's administration.