Crypto analytics firm Elliptic raises $60 million from SoftBank, others

London: Cryptocurrency analytics firm Elliptic said on Monday it had raised $60 million from investors including SoftBank and Wells Fargo Strategic Capital, the latest blockchain analytics firm to attract mainstream investment.

With larger investors warming to cryptocurrencies, blockchain analysis and data firms such as Elliptic are in greater demand, in part due to growing regulatory scrutiny on a sector fraught with compliance headaches such as illegal use of digital tokens.