Blockchain analytics company Elliptic receives strategic investment from HSBC

blockchain analytics company Elliptic announced that it has received a strategic investment from HSBC, with the specific investment amount not disclosed. It is reported that after the transaction is completed, Richard May, Head of Financial Crime for HSBC's Corporate and Institutional Banking, will join the company's board.

Elliptic plans to deploy its anti-money laundering and stablecoin solutions in the traditional financial sector, helping banks assess the issuer wallet risks before holding stablecoin reserves.