Blockchain Vendor Elliptic Raises $5 Million Series A
Santander InnoVentures among new investors.
![fsa-funding fsa-funding](/sites/default/files/styles/landscape_750_463/public/import/IMG/165/108165/fsa-funding-580x358.jpg.webp?itok=1vho2njG)
Paladin Capital Group, a venture capitalist specializing in firms dealing in cyber and digital infrastructure resilience, led the round, along with Santander InnoVentures, a fintech venture capital (VC) firm owned by Spanish bank Santander Group, and fellow VCs KRW Schindler, DCG Insights and Octopus Ventures, which has already invested.
Christopher Steed, managing director of Paladin Capital, will join Elliptic's board of directors with Octopus Ventures. Santander InnoVentures will join as a board observer.
Elliptic uses graph analysis and machine learning to identify illicit activity in blockchain transactions.
In January, Santander InnoVentures held a competition for startups in the blockchain space.
"Distributed ledger technology, including blockchain, has huge potential to deliver cost savings and new ways of working across the global banking industry—but most blockchain applications today are still in the proof-of-concept stage," says Mariano Belinky, managing partner of Santander InnoVentures. "For distributed ledger technology to achieve widespread use, compliance departments and regulators will demand independent monitoring capabilities to combat insider trading, fraud, and money laundering."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: Startup Skyfire launches payment network for AI agents; State Street; SteelEye and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Standard Chartered’s Brian O’Neill
Brian O’Neill from Standard Chartered joins the podcast to discuss cloud strategy, costs, and resiliency.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
Startup helps buy-side firms retain ‘control’ over analytics
ExeQution Analytics provides a structured and flexible analytics framework based on the q programming language that can be integrated with kdb+ platforms.
The IMD Wrap: With Bloomberg’s headset app, you’ll never look at data the same way again
Max recently wrote about new developments being added to Bloomberg Pro for Vision. Today he gives a more personal perspective on the new technology.
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.