Elliptic is a British blockchain analytics firm headquartered in London, with additional offices in New York and Singapore. Founded in 2013 by Adam Joyce, Tom Robinson, and James Smith, Elliptic specializes in providing anti-money laundering (AML) and sanctions compliance tools based on blockchain analytics. The company primarily serves financial institutions and cryptocurrency businesses but also provides services to government agencies.
Elliptic's founders became involved with cryptoassets in 2011, recognizing their potential for innovation within financial services. They launched the world's first compliance tools using blockchain analytics in 2015 to help the cryptoasset industry operate within regulatory frameworks. Since its inception, Elliptic has experienced significant growth both organically through product development and strategically through expansion into new markets like Asia.
As of the last reported funding round, Elliptic has raised approximately $99.13 million6. Notable investors include JPMorgan Chase, Wells Fargo, SoftBank Vision Fund, SBI Group. While specific valuation figures are not publicly disclosed for private companies like Elliptic unless they undergo an IPO or similar event that requires such disclosures.
Blockchain Analytics Tools: These tools enable users to trace cryptocurrency transactions across multiple blockchains.
Risk Scoring System: Assigns risk scores to wallets based on historical data to help clients prioritize compliance efforts.
Real-Time Transaction Monitoring: Screens transactions instantly against known illicit actors.
Crypto Investigations Software (Forensics): Provides detailed analysis for law enforcement agencies.
Entity Risk Solution: Helps banks perform Know Your Customer (KYC) checks on crypto entities.
These features are designed to support AML/CFT regulations globally
While there is no mention of specific acquisitions by Elliptic itself, it has expanded its product offerings over time:
Launch of Crypto Entity Risk Solution for banks.
Introduction of Forensics Software for enhanced investigative capabilities.
Expansion into Asia with offices established in Singapore.
This strategic expansion highlights how Elliptic adapts its offerings as regulations evolv
Recent developments include:
Lens Platform: Supports wallet screening with advanced risk scoring capabilities.
Enhanced Compliance Solutions: Continuously updated to align with evolving global regulatory standards such as BSA/FinCEN/5AMLD requirements.
These updates reflect ongoing efforts by Elliptic to stay ahead of emerging risks within the crypto space.
Elliptic emphasizes a mission-driven culture focused on preventing financial crime while fostering innovation within the cryptocurrency sector:
Recognized as a Technology Pioneer by the World Economic Forum due to contributions against financial crime.
Strong commitment from leadership towards maintaining integrity across all operations while driving technological advancements that support safer digital transactions globally.
The company values collaboration between technology experts from diverse backgrounds working together towards common goals related to security enhancement across digital assets ecosystems worldwide.
Elliptic serves institutional clients including major exchanges like Coinbase & Binance; traditional financial institutions such as Santander; government bodies including IRS & FBI; alongside other prominent players like Genesis & Revolut56. Their user base benefits from comprehensive training programs aimed at enhancing understanding around managing risks associated specifically within cryptocurrencies' rapidly evolving landscape.
Elliptic
By Elliptic
