“Can Elliptic become the global crypto compliance infrastructure layer that every regulated financial institution must embed as crypto and stablecoins enter mainstream payment rails?”
Founded in 2013, Elliptic positioned itself as the blockchain analytics layer for regulated financial institutions needing to screen crypto wallets and transactions for financial crime. Over time it expanded from Bitcoin-only analysis to cross-chain, multi-asset coverage, selling compliance tooling to crypto exchanges, payment service providers, and banks. The Series D raise of $120M signals a push into stablecoin risk management and issuer due diligence — a direct play on the mainstreaming of stablecoins in institutional payment flows.