Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks – CoinDesk

Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks – CoinDesk

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships, Elliptic said.