Transforming Digital Asset Management with Elliptic's 'Data Fabric'
Elliptic, a frontrunner in digital asset decision-making, has recently launched an industry-first platform known as 'Elliptic Data Fabric'. This groundbreaking offering allows customers to gain direct access to the company’s premier datasets and intelligent analytics via a subscription model, facilitating a seamless integration into their operations.
Addressing Industry Challenges
As the digital asset landscape expands exponentially, the limitations of conventional Software-as-a-Service (SaaS) solutions delivered through applications and API feeds have become increasingly apparent. These traditional methods often fail to satisfy the unique requirements of diverse clients, especially in terms of effectively managing risk exposure, compliance mandates, and operational intelligence. In response, Elliptic's Data Fabric presents a versatile solution that caters directly to these needs by allowing customers to ingest and subscribe to tailored data streams.
With Elliptic Data Fabric, users can manipulate data in the format and schema that best suits their internal workflows, enabling enhanced real-time decision-making. This innovative platform empowers organizations to incorporate Elliptic’s insights into their internal data lakes, customized workflows, and artificial intelligence models, thus modernizing workflows and enabling organizations to perform detailed analytics and queries directly on the data.
Meeting the Complex Needs of the Digital Asset Ecosystem
The digital asset ecosystem faces dual challenges: the rapid adoption of digital transactions and the sophistication of illicit activities executed by bad actors. The transaction volume is rising, and with it comes the issuing of more digital assets and the acceleration of innovative multi-chain activities. Consequently, nefarious entities are becoming ever more proficient in obscuring their activities across a growing network, prompting industry leaders to seek novel methods for compliance and investigations.
A program manager within the US government emphasized the necessity of such innovations:
"Elliptic Data Fabric provides us with high-fidelity, richly structured blockchain intelligence that seamlessly integrates into our operations. It enables us to anticipate the actions of malicious actors rather than merely responding to them. As criminal behavior becomes increasingly intricate, we need access to comprehensive data — and now, we can acquire that swiftly.”
Diverse Applications Across Industries
Elliptic Data Fabric boasts multiple applications across various sectors. For example, the
Elliptic Blocklist is an invaluable subscription service that provides clients with continuous access to updated lists of sanctioned and high-risk entities. This tool is vital for exchanges and stablecoin issuers who must swiftly determine the eligibility of transactions involving unhosted wallets. The platform effectively streamlines transaction flows, allowing instantaneous decisions critical for maintaining security.
The
Elliptic Counterparty Risk utility assists banks and financial institutions in evaluating the indirect risks associated with transactions stemming from their customer base. By enriching fiat transaction screening workflows with unique intelligence on thousands of Virtual Asset Service Providers (VASPs), institutions can uncover concealed risks, significantly enhancing operational efficiencies while reducing the need for exhaustive manual investigations.
Government agencies are already leveraging this cutting-edge platform to gain ready access to actionable blockchain data, structured for relevance to their specific missions. The intelligence gathered can be pre-organized into formats—such as value transfer events or actor clusters—facilitating immediate queries within sectors of government operations.
Security and Use Cases
The direct ingestion of this intelligence into secure agency infrastructures ensures complete data integrity by keeping sensitive queries air-gapped from vendor visibility. This capacity allows agencies to share and utilize the gathered data effectively across departments, bolstering collaborative investigative efforts that can tackle complex criminal operations, such as the US Secret Service’s recent takedown of Garantex.
Jackson Hull, Elliptic's CTO, stated:
“Given the evolution of the digital asset industry, we understand that conventional solutions must advance to effectively support both compliance obligations and the analytics needs of organizations. Our platform is designed to be flexible, capable of meeting diverse requirements across different formats, ensuring we continue to provide the dynamic solutions vital for navigating today’s markets.”
About Elliptic
Founded in 2013 and headquartered in London, Elliptic has positioned itself as a leader in digital asset decision-making by providing the most comprehensive platform for gathering cryptocurrency data across various blockchains. The unmatched scale, depth, and reliability of its services make Elliptic a preferred choice for organizations focused on compliance, risk management, and blockchain infrastructure.
For more detailed insights into how Elliptic is shaping the future of digital asset management, visit
Elliptic's official website and engage with their innovations on LinkedIn and X.