Elliptic, the international leader in crypto-asset risk management, announced the appointment of two senior management professionals to its executive team in a move that will aim to strengthen the firm’s products and services offering following its $60 million Series C round.
Safiya Karsan has been appointed Chief Operating Officer (CCO) and will be tasked with leading Elliptic’s strategy, operations and people teams, “focusing on driving the company’s continued expansion.”
Prior to her role at Elliptic, Safiya held key leadership roles in high-growth firms across public and private sectors where she “focused on scaling teams, operations, culture, and go-to-market strategy and execution.”
She remarked:
“The opportunity for crypto is massive. The rate of adoption amongst businesses is explosive and the market needs the right infrastructure to ensure it operates with crypto in a way that is safe, transparent and secure.”
John Connolly has been appointed Chief Product Officer and is “responsible for leading product strategy and management at Elliptic, with a focus on creating strategic value for customers through technology and data science-enabled innovations.”
Prior to joining Elliptic, John held senior roles “in public and privately held companies where he was focused on helping the businesses to scale,” the announcement revealed.
He stated:
“Crypto-assets are an increasingly important part of the mainstream economy. There is an amazing opportunity to support a safer, more innovative financial ecosystem through our blockchain-enabled, risk management products.”
Just last week, Elliptic announced $60 million of Series C funding which it will “invest in research and development and product delivery to priority markets.”
As digital assets become more popular with institutional investors, the need for institutional-like services rises. As covered, the funding round was led by Evolution Equity Partners, along with a new investment from SoftBank Vision Fund 2.
Richard Seewald, Founder and Managing Partner at Evolution Equity Partners will join the Board of Directors to provide strategic, proven leadership building global software companies.
Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated in the round.
Elliptic serves traditional financial institutions along with Fintechs, crypto businesses, and government agencies with a suite of compliance and investigative solutions built specifically for crypto-assets. Elliptic states that it will look to expand in the US.