by Coinstrooper Crypto Articles
Quick Take
  • Elliptic, a prominent provider of blockchain analytics tools, has secured investment from HSBC, marking its entry into an exclusive club.
  • Elliptic secured investment from HSBC, making it the only blockchain analytics firm backed by four global megabanks.
  • HSBC’s Richard May has joined Elliptic’s board as the firm expands its compliance tools for digital assets.
  • The funding will support Elliptic’s growth as demand rises for stablecoin risk management and cross-chain analytics.

What Happened

Elliptic, a prominent provider of blockchain analytics tools, has secured investment from HSBC, marking its entry into an exclusive club.

Elliptic secured investment from HSBC, making it the only blockchain analytics firm backed by four global megabanks.

The investment comes amid rising interest from financial institutions in stablecoins and tokenized assets.

HSBC’s Richard May Joins Elliptic Board Following Strategic Investment

As part of the announcement, HSBC’s Richard May, Group Head of Financial Crime for Corporate and Institutional Banking, has joined Elliptic’s board of directors.

The HSBC investment is expected to help fuel its next phase of expansion, especially as global banks deepen their exposure to digital assets.

The company recently introduced a product called Issuer Due Diligence, a solution designed to help banks evaluate stablecoin issuers and manage associated wallet risk before adding reserves.

With interest in digital assets growing across the board, the partnership signals deeper integration of blockchain tools within traditional banking infrastructure.

Market Context

Key Takeaways:

It is now the only blockchain analytics firm to be backed by four globally systemically important banks (G-SIBs): HSBC, JPMorgan Chase, Santander, and Wells Fargo.

Why It Matters

HSBC’s Richard May has joined Elliptic’s board as the firm expands its compliance tools for digital assets.

The funding will support Elliptic’s growth as demand rises for stablecoin risk management and cross-chain analytics.

“With the rapid evolution of digital assets and currencies, mitigating financial crime risks has never been more important,” May said.

“Elliptic’s solution provides HSBC with greater transparency, helping to meet rising regulatory expectations and industry standards.”

The tool reflects growing demand for institutional-grade risk management as banks prepare to integrate digital assets into their core operations.

Details

Elliptic has seen significant traction in 2025, reporting record-breaking customer and revenue growth in Q2.

“Elliptic was built with this exact moment in mind,” said CEO Simone Maini. “We’ve anticipated institutional adoption for over a decade and built the infrastructure required to meet that demand.”

Maini emphasized that the firm’s long-term focus on compliance, scalability, and real-time analytics has positioned it as a go-to partner for financial institutions seeking to bridge crypto and regulatory frameworks.

The strategic backing by four global megabanks adds further legitimacy to Elliptic’s offerings, especially as regulators step up enforcement and oversight.

Cross-Chain Crypto Crime Hits $21B: Elliptic

Cross-chain criminal activity has surged to over $21 billion in 2025, tripling from the previous year, according to Elliptic’s latest report.

Criminals are increasingly using decentralized exchanges, token swap services, and cross-chain bridges to obscure the origin of stolen funds.

Chain-hopping has become a standard tactic, with 33% of crypto crime cases now involving more than three blockchains.

State-backed actors like North Korea’s Lazarus Group and Iranian and Russian entities are heavily implicated.