Elliptic Partners With LexisNexis on Bitcoin Analysis

AccessTimeIconAug 3, 2016 at 8:51 p.m. UTC
Updated Sep 11, 2021 at 12:25 p.m. UTC

Blockchain analytics startup Elliptic has integrated with LexisNexis, a move that provides the startup's clients with access to the vendor's global money laundering database.

The hope, the companies say, is to provide financial services firms with data on bitcoins transactions so that they can avoid interacting with parties tied to money laundering or other perceived to illicit activities.

"By integrating LexisNexis Risk Solutions' robust watchlist data, we are making it safe for a new wave of financial institutions to handle bitcoin and bank bitcoin companies," Elliptic co-founder and CEO James Smith said in a statement.

Elliptic closed a $5m Series A round earlier this year, a fundraise led by Paladin Capital Group, a venture firm with ties to the US defense industry. The firm has raised $7m in funding to date.

Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Elliptic. 


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.