Elliptic
Elliptic is one of the most established blockchain-analytics/compliance vendors, with a long track record and backing from Nasdaq and Deutsche Bank in its latest $120M round -- a credible pick for AML/sanctions screening on crypto, though its self-reported market-coverage statistics warrant independent verification.
Visit Website ↗ + Add to Compare Claim This CompanyInnovation Matrix Assessment
Cross-chain analytics and AI-driven monitoring are solid but iterative advances within an established blockchain-forensics discipline.
Used by exchanges representing a claimed two-thirds of global crypto trading volume, plus banks and government agencies.
$120M raise at a $670M valuation with new institutional backers Nasdaq Ventures and Deutsche Bank.
Helped establish crypto compliance/forensics as a durable category rather than redefining it further today.
Direct due-diligence adoption by major exchanges and banks is a credible independent-ish efficacy signal.
Crypto AML/sanctions compliance is a durable and growing regulatory requirement as stablecoins and tokenized assets scale.
Why CISOs Should Care
A CISO at a bank, exchange, or fintech needing to meet AML/sanctions obligations on crypto activity would use Elliptic for wallet screening, cross-chain transaction tracing, and real-time risk scoring.
What Makes It Different
Elliptic differentiates through a 13-year track record of cross-chain investigative tooling and direct validation from institutional players like Nasdaq Ventures and Deutsche Bank, rather than being an unproven startup entrant.
The Matrix Verdict
75/100 — MEANINGFUL INNOVATOR
Elliptic is one of the most established blockchain-analytics/compliance vendors, with a long track record and backing from Nasdaq and Deutsche Bank in its latest $120M round -- a credible pick for AML/sanctions screening on crypto, though its self-reported market-coverage statistics warrant independent verification.
Editorial Note: Claims vs. Verified Findings
The claim that two-thirds of global crypto trading volume flows through exchanges using Elliptic is vendor-reported and not independently audited.
Sources
- Crypto analytics firm Elliptic lands $120 million as AI reshapes blockchain compliance -- CoinDesk -- https://www.coindesk.com/business/2026/05/12/elliptic-raises-usd120-million-backed-by-nasdaq-deutsche-bank-as-ai-reshapes-crypto-security
- One Peak leads $120M in crypto compliance startup Elliptic -- Tech Funding News -- https://techfundingnews.com/elliptic-120m-series-d-deutsche-bank-nasdaq-crypto-compliance/
Alternatives to Elliptic
Chainalysis
The dominant, category-defining incumbent in blockchain analytics -- broad government and financial-institution adoption, a decade-plus track record, and…
Vanta
Continuous automated compliance monitoring platform that replaces manual audit evidence-gathering with live, integration-based control checks.
AuditBoard (rebranded Optro)
Connected-risk platform for audit, SOX, risk, and compliance, recently rebranded from AuditBoard to Optro under an AI-agent-driven repositioning.
Arcova
Cybersecurity advisory and managed services firm, rebranded from MorganFranklin Cyber, offering GRC, IAM, OT security, and a cloud-based…
Credo AI
AI governance platform that discovers, assesses, and continuously monitors enterprise AI systems and agents against regulations like the…
Level 6 Cyber
CISO ReviewedContinuous decision-intelligence platform (LISN) that replaces point-in-time security audits with a live digital twin of a CISO's program.