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Blockchain analysis company Elliptic has received strategic investment from HSBC.
According to Mars Finance, blockchain analytics company Elliptic announced that it has received strategic investment from HSBC, though the specific investment amount has not been disclosed. It is reported that after the deal is completed, Richard May, the head of financial crime services for HSBC's corporate and institutional banking, will join the company's board of directors. Elliptic plans to deploy its AML and stablecoin solutions in the TradFi sector, helping banks assess the issuer wallet risks before holding stablecoin reserves.