London-based bitcoin firm Elliptic has been awarded "Security Project of the Year" by The Banker magazine.
In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the "most innovative and transformational contributions to financial services technology around the world".
Adam Joyce, CTO and co-founder, said in a company post that the award reflected the increasing legitimisation of blockchain technologies and Elliptic's success in building confidence and trust in the bitcoin market.
The news comes after the launch of Elliptic's latest product, the 'Bitcoin Big Bang', a blockchain visualisation tool that serves to draw links between dark web markets and bitcoin exchanges.
Other award winners included JP Morgan Asset Management's enterprise data platform, BNY Mellon’s global payments infrastructure and Citigroup's Cash Account Initiative.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.