Why we invested - Elliptic
Why we invested in Elliptic
With digital currencies gaining traction through new regulations and institutional adoption, we recognise the challenge for institutions to foster innovation while maintaining trust and compliance. We are therefore thrilled to announce our recent investment in Elliptic, a company that is positioned as one of the leading companies in the blockchain analytics sector.
Enabling safer participation in the crypto space
The rapid growth of cryptocurrencies and digital assets has brought both innovation and complexity to the financial sector. One of the biggest challenges financial institutions and regulators face today is detecting and managing crypto-related financial crime. The value of cryptocurrency received by illicit digital wallet addresses reached USD51bn in 2024, a significant increase from USD11bn in 2020. This highlights the pressing challenges financial institutions face in a complex blockchain environment while ensuring compliance with regulators and protecting their operations from criminal activities.
Elliptic addresses this challenge by providing industry-leading blockchain analytics and crypto-risk management solutions. Their platform helps financial institutions and regulators monitor transactions, identify suspicious activity, and stay ahead of evolving regulatory requirements.
A proven and scalable leader in blockchain analytics
Founded in 2015, Elliptic launched the first crypto anti-money laundering and compliance tools and has since achieved a strong product-market fit with banks, exchanges, and regulators across the globe.
With a suite of analytics products and a global footprint, Elliptic is positioned to scale alongside the expanding digital asset market. Their solutions will help us build a foundation of trust that allows our customers to confidently engage with blockchain technology.
Investing in a secure digital future
Our investment in Elliptic is a strategic move to support the safe and scalable adoption of crypto and blockchain technologies. Their analytics and intelligence tools serve as a critical layer of trust, giving us—and our customers—the confidence to navigate the digital asset ecosystem responsibly. Elliptic’s advanced technology, combined with HSBC’s global reach and expertise, creates a powerful synergy that supports safe innovation in the crypto space.
As regulation evolves and adoption accelerates, partners like Elliptic will play a vital role in bridging the gap between innovation and compliance. Together, we aim to deliver more secure services to our customers, support the responsible growth of digital assets, and play a leading role in shaping a resilient financial future.