Blockchain analytics firm Elliptic has received a strategic investment from HSBC, marking the first time a company in this sector has been backed by four global systemically important banks, including JPMorgan Chase, Santander, and Wells Fargo. Richard May, HSBC's head of financial crime, will join Elliptic's board of directors. The investment will enable Elliptic to expand its team and enhance its financial services offerings, addressing the increasing demand for blockchain transaction monitoring tools. The firm is focusing on areas such as stablecoin regulation, AI-driven compliance tools, and blockchain network expansion.