Wells Fargo backs a start-up that helps banks manage cryptocurrency risks

Wells Fargo backs a start-up that helps banks manage cryptocurrency risks

Wells Fargo has invested $5 million into U.K. start-up Elliptic, which helps banks manage the risks associated with being exposed to cryptocurrencies. The London-based firm has become known for its analysis tools, which it sells to some of the world’s largest cryptocurrency platforms – including Binance and Circle – to help them find and block illicit digital currency transactions.