Blockchain analytics firm Elliptic closes $120 million Series D as Deutsche Bank, Nasdaq deepen crypto bets
Elliptic raised $120M in a Series D at $670M valuation backed by Deutsche Bank and Nasdaq Ventures as TradFi splurges more on crypto bets....
Key takeaways
- 1Elliptic raised $120 million in Series D funding at a $670 million valuation.
- 2Deutsche Bank and Nasdaq Ventures led the funding round, signaling traditional finance institutions deepening crypto involvement.
- 3The funding reflects growing institutional adoption of blockchain analytics and crypto compliance solutions.
Why it matters
Major traditional finance players like Deutsche Bank and Nasdaq backing crypto infrastructure firms signals mainstream acceptance of blockchain technology in India's emerging crypto ecosystem. Increased TradFi investment in compliance tools suggests regulatory clarity may be coming, benefiting retail investors through safer, regulated platforms.
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