TechFlow, September 24 — According to PRNewswire, blockchain analytics firm Elliptic announced it has received a strategic investment from HSBC. The amount of the investment has not been disclosed. Following the transaction, Richard May, Head of Financial Crime for HSBC’s Commercial and Institutional Banking, will join Elliptic’s board of directors. Elliptic plans to deploy its anti-money laundering and stablecoin solutions within traditional finance to help banks assess issuer wallet risks before holding stablecoin reserves.
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