Overview

• Richard May, Group Head of Financial Crime for HSBC’s corporate and institutional banking unit, joins Elliptic’s board as part of the deal.
• Elliptic says the funding will accelerate hiring, extend its presence in financial services, and expand coverage across additional blockchain networks.
• The company’s analytics are used by banks, crypto exchanges, and governments to trace transactions and detect illicit activity on public blockchains.
• Recent bank‑focused launches include Issuer Due Diligence for evaluating stablecoin issuers and wallet risks, plus an AI compliance copilot to speed institutional onboarding.
• Elliptic reports record customer and revenue growth in Q2 2025 as financial institutions explore stablecoins and tokenized assets under tighter regulatory scrutiny.