SoftBank has entered a new round of funding with crypto firm Elliptic, led by Evolution Equity Partners, and has raised $ 60 million, as we read in their latest crypto news today.
Elliptic, a London-based crypto asset risk management company, announced that it has raised $ 60 million as part of its most recent Series C financing, led by Evolution Equity Partners.
Japanese investment giant SoftBank participated through its $ 30 billion Vision Fund 2 in a financing round with investors such as Albion VC, Digital Currency Group, Wells Fargo, SBI Group, Octopus Ventures, Strategic Capital, Signal Fire and Paladin Capital Group.
Elliptic raised $ 5 million in Serie A in 2016 and $ 29 million in 2019 and 2020.
In a blog post, the company described the latest round as recognition of the important role it plays in the crypto ecosystem and said it plans to use more funds to accelerate research and development efforts. Elliptic will expand its global team of experts with a focus on the USA:
“We have grown as a team by almost 50% this year and will use this investment to grow even faster. By the end of 2022, we will have grown to over 200 elliptites worldwide. “
Softbank joins this new round of funding with Elliptic as it works with traditional financial institutions, fintech companies and government agencies by providing an integrated suite of investigative and compliance tools to monitor transactions related to cryptocurrencies such as Ethereum, Bitcoin, Binance Coin and provides more. The company’s customers include the crypto-friendly trading app Revolut, Spanish banking giant Santander, and the Stellar Foundation. In June of this year, the company added privacy coins such as Horizen and Zcash to the list of supported cryptocurrencies, followed by Polkadot, Algorand and more. Ellitpic researchers also helped scrap Antinalysis, a new online tool developed by darknet market administrators to help traders launder BTC. Co-founder Tom Robinson explains that the tool is a blockchain analysis tool developed by criminals for criminals that allows users to verify the origin of the BTC they hold and how risky it is to hold it.
As recently reported, Japanese banking giant SoftBank has invested $ 200 million in Mercado Bitcoin according to recent reports, and chairman Robert Dagnoni and CEO of 2TM, the parent company of Mercado Bitcoin, stated that the move was the largest Series B financing round in Latin America and represents the largest investment in the crypto company. Mercado Bitcoin intends to take advantage of the new funding and expand its services beyond the boundaries of the U.S. Matin market to expand its operations and invest in new infrastructure that will help it meet the demands of the day in the country .
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