Elliptic has secured a strategic investment from HSBC, making it the first firm in its sector to gain backing from four G-SIBs, including JPMorgan Chase and Wells Fargo. Richard May will be joining Elliptic’s board of directors.
The funds will allow Elliptic to expand its team and improve its financial services. Key focus areas will include stablecoin regulation, AI-based compliance, and the growth of blockchain networks.
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