London-based Elliptic has closed a $120 million Series D round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. The fundraise values the digital asset compliance and analytics company at $670 million.

Elliptic said the new capital will be used to accelerate its push into enterprise-grade on-chain analytics and AI-native compliance infrastructure for banks, fintechs, government agencies, and crypto and payments companies.

The round comes as traditional financial institutions deepen their engagement with digital assets and face growing demand for risk, compliance, and transaction monitoring tools built for blockchain-based activity. Elliptic, founded in 2013, positions itself as a provider of on-chain data and intelligence for institutions operating in that market.

The company also referenced continued confidence from existing backers including AlbionVC, Evolution Equity Partners, and J.P. Morgan, though it did not explicitly say they participated in this round.