Elliptic, the leading firm in digital asset decisioning, has recently completed a strategic investment deal with HSBC, marking a significant milestone as Elliptic becomes the only blockchain analytics provider to receive backing from four globally systemically important banks (G-SIBs), including JPMorgan Chase, Santander, and Wells Fargo. This latest investment underscores the growing recognition of Elliptic’s capabilities in the rapidly evolving landscape of digital assets.
Following the investment, Richard May, who serves as the Group Head of Financial Crime in HSBC’s Corporate and Institutional Banking division, will be joining Elliptic’s board of directors. This addition not only strengthens the governance of the company but also enhances its reputation as a trusted analytics provider, backed by significant financial institutions.
Elliptic’s robust blockchain coverage and impressive scalability, boasting an uptime of 99.99%, have positioned it as the leading choice among numerous world-class exchanges, payment service providers, and governmental entities. The recent surge in interest from financial institutions regarding stablecoins and tokenized assets is driving the company’s momentum.
In the second quarter of 2025, Elliptic reported record customer and revenue growth, which they anticipate will be further accelerated by the recent financial backing from HSBC. Notably, Elliptic has introduced an industry-first solution called Issuer Due Diligence, aimed at equipping banks with the ability to evaluate issuer wallet risks prior to holding stablecoin reserves, thereby affirming its leadership in blockchain analytics.
Simone Maini, Elliptic’s CEO, expressed enthusiasm about the investment, stating that the company has been strategically prepared for the increasing adoption of digital assets for over a decade. Maini emphasized the importance of trust and transparency in the digital asset space and affirmed that Elliptic’s platform meets the high standards required by global financial institutions to ensure compliance and reliability.
Richard May from HSBC echoed this sentiment, highlighting the importance of mitigating financial crime risks in light of the rapid evolution of digital currencies. He noted that Elliptic’s solutions enhance transparency, thus helping HSBC navigate rising regulatory expectations in the crypto space.
Founded in 2013 and headquartered in London, Elliptic has expanded its footprint globally with additional offices in major financial hubs including New York, Washington D.C., Dubai, Singapore, and Tokyo. Its platform is renowned for accuracy and efficiency in extracting crypto data and intelligence across various blockchains. As the landscape of digital finance continues to evolve, Elliptic is positioned to remain at the forefront, supporting financial institutions in their transition into digital assets.
