Elliptic, a blockchain surveillance firm, has expanded its coverage to include over 50 blockchain networks, a move aimed at improving its ability to track and analyze digital asset transactions. This expansion follows data indicating that 33% of complex cross-chain investigations involve more than three blockchains, highlighting the growing need for comprehensive visibility in identifying illicit onchain activities. With this broader coverage, Elliptic seeks to provide institutions and organizations with the necessary tools for real-time insights and risk detection in an increasingly multi-chain crypto environment. Jackson Hull, CTO of Elliptic, noted the importance of accurate blockchain data for effective decision-making and regulatory compliance. The firm’s enhanced capabilities are expected to support a range of financial institutions and organizations as they navigate the complexities of the digital asset landscape.
