Elliptic raises $120M with backing from Deutsche Bank, Nasdaq

Blockchain analytics firm Elliptic has raised $120 million in a new funding round backed by Deutsche Bank and Nasdaq's venture arm, Bloomberg reported. The investment comes amid a broader push by large financial institutions to expand their cryptocurrency operations. The round, led by One Peak Partners LLP, valued Elliptic at $670 million. The company plans to use the funds to accelerate service adoption and expand its global business.