Wells Fargo pumps $5M in blockchain analytics firm Elliptic

Investing division of the third-largest US bank Wells Fargo Strategic Capital has invested $5 million in blockchain analytics firm Elliptic, making it the first US bank to do so. Last September, Japanese banking group SBI Holdings led Elliptic’s $23 million round, and Spanish bank Santander is also an investor in the firm via its InnoVentures unit.

Elliptic’s total funding to date is $40 million.

Elliptic is now looking to expand in Asia and hire resources to sell its newly launched Discovery solution, which helps banks to decide which crypto exchanges to do business with.

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Cult Today

CULT is a collective for NFT lovers. We are passionate NFT hoarders, we love minting our own collections and we are always on the lookout for collaborations. Most of our work can be found on StakeCube Marketplace

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