Elliptic receives strategic investment from HSBC, becoming the first company to gain support from four major global banks.
ChainCatcher reported that blockchain analytics firm Elliptic has announced a strategic investment from HSBC, making it the first industry company to receive support from four Global Systemically Important Banks (G-SIBs), with the other three being JPMorgan, Santander, and Wells Fargo.
Richard May, Head of Financial Crime at HSBC Group, will join Elliptic's board of directors. Elliptic stated that this investment will be used to expand the team and broaden its financial services coverage to meet the growing demand from financial institutions for blockchain transaction monitoring tools. The company's key focus areas include stablecoin regulation, AI-driven compliance tools, and expanding blockchain network coverage.
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