Elliptic Secures $120 Million Series C Funding from JPMorgan, Deutsche Bank, and Nasdaq

London, UK – May 12, 2026 — Elliptic, a blockchain intelligence and anti-money laundering compliance platform, has closed a $120 million Series C funding round led by JPMorgan, Deutsche Bank, and Nasdaq. The round marks the first time these three institutions have jointly backed a blockchain compliance platform.

The capital will fund product development, geographic expansion across Elliptic's existing 50-country footprint, and enterprise customer acquisition as regulatory mandates under the EU's MiCA framework and FinCEN's 2024 beneficial ownership guidance drive compliance infrastructure demand across institutional markets.

"Institutional crypto adoption doesn't happen without trust, and trust requires infrastructure," said Tom Robinson, Co-Founder and Chief Scientist at Elliptic. "This round reflects what our 200-plus enterprise clients already know: blockchain compliance isn't a feature—it's the foundation on which the next phase of digital asset markets will be built."

The funding arrives as institutional crypto markets continue to scale. With total crypto market capitalization at approximately $2.8 trillion and institutional custody assets exceeding $500 billion, compliance infrastructure has become a direct operational requirement for banks, custodians, and exchanges seeking regulatory approval to service institutional clients. Elliptic currently monitors more than $14 trillion in blockchain transactions annually across more than 50 jurisdictions.

The global AML compliance market reached $3.2 billion in 2026, with the blockchain-specific segment valued between $800 million and $1.2 billion and growing at an estimated 28–32% CAGR through 2030. Elliptic holds an estimated 15–20% share of that segment.

For Nasdaq, whose digital asset platform is expanding into institutional custody and settlement, embedding institutional-grade AML monitoring addresses a direct operational need. Deutsche Bank's participation reflects its broader digital asset strategy, following Deutsche Börse's $200 million strategic investment in Kraken in April 2026.

Founded in 2013 by Tom Robinson and James Smith, Elliptic built its platform on the premise that blockchain's inherent transparency could be operationalized for compliance. The company's Series C follows a $60 million Series B in 2023, representing a 2x increase in capital raised and a shift in investor composition from venture capital to strategic institutional backers.

Elliptic serves more than 200 enterprise clients including major cryptocurrency exchanges, custodians, and banks. Its platform covers transaction screening, wallet risk scoring, and cross-chain monitoring across major blockchain networks, providing audit trail documentation required by regulators in over 50 jurisdictions.

The competitive landscape includes Chainalysis—which raised $536 million and carried an $8.6 billion valuation in 2022—and TRM Labs, valued at approximately $1.5 billion. Elliptic differentiates on institutional integration depth and its positioning as compliance infrastructure for banks and custodians.

About Elliptic

Elliptic is a blockchain intelligence company providing anti-money laundering and compliance solutions to financial institutions, cryptocurrency businesses, and regulators globally. Founded in 2013 and headquartered in London, Elliptic monitors more than $14 trillion in blockchain transactions annually across 50-plus countries. Its enterprise platform serves more than 200 institutions including exchanges, custodians, and banks, delivering transaction screening, wallet risk scoring, and cross-chain analytics required for regulatory compliance in institutional digital asset markets. For more information, visit www.elliptic.co.

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