Elliptic procures $ 60 million from Softbank and Wells Fargo to accelerate the introduction of cryptocurrencies

Elliptic procures $ 60 million from Softbank and Wells Fargo to accelerate the introduction of cryptocurrencies

Elliptic-a blockchain analysis company based in London-has secured $ 60 million in Series C financing under the direction of the Japanese investment manager Softbank Group and the American multinational company Wells Fargo. The funds are used to accelerate the introduction of cryptocurrencies on the global financial markets.

acceleration of the introduction of cryptocurrencies by large institutions

elliptisch announced The publication of a donation collection of $ 60 million in a press release on October 11th. The company plans to use the funds to expand its activities abroad and promote investments for its global network.

"At Elliptic we help financial institutions to use crypto exchanges to the world's leading banks to use crypto-assets more securely. This fundraising round is a confirmation of the chance for crypto-assets in the financial industry-and our absolutely decisive role in the ecosystem."

Softbank took part in the round through his Vision Fund 2, which supports the billions of startups. Other investors are Wells Fargo, SBI Group, Digital Currency Group, Albionvc, Paladin Capital Group, Octopus Ventures and Evolution Equity Partners.

Between 2019 and 2020, Elliptic secured $ 28 million in series B. With this new middle procurement, the company wants to expand its global team of experts, especially in the USA.

"We have grown by almost 50 % this year and will use this investment to grow even faster. By the end of 2022 we will grow to more than 200 elliptites worldwide."

Provision of Vonchain Security

Since large institutions deal with cryptocurrencies, their demand for a safe and safe ecosystem also increases. This is the reason why MasterCard acquired The blockchain-intelligence company Ciphertrace offers solutions to combat money laundering and fraud.

According to PR, one of Elliptic's goals is to be the first choice for institutional investors who are looking for blockchain analyzes and data companies. This is partly due to the growing regulatory pressure on the ecosystem of the digital assets to comply with the existing laws worldwide.

elliptic is one of the largest crypto and blockchain analysis companies. The company offers various techniques and tools to recognize illegal crypto activities, such as the assignment of real signals to pseudonymous entities and events, as well as the provision of risk of risk for traditional financial companies.

It is also responsible for discovering malignant software and tools provided by Darknet participants. The company worked with other parties to identify Antinalysis, an online tool that made it possible to wash Bitcoin on a Darknet marketplace.

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