BlockBeats News, May 12th, according to Bloomberg, blockchain analytics company Elliptic has raised $120 million in a new funding round, which was led by investment firm One Peak Partners and supported by Deutsche Bank and Nasdaq's venture arm, reflecting large financial institutions expanding their presence in the digital asset space.

The funding round has valued the startup at $670 million, the company announced on Tuesday. Based in London, Elliptic stated that it will use this new funding to expand the scope of its services and grow its presence in global markets.