Elliptic is a company based in the UK that operates within the Computers and Technology industry, specifically focusing on information technology services and financial services related to digital assets. With a workforce of 51 employees and reported revenue of $21 million, Elliptic specializes in providing insights and analysis on the evolving landscape of digital assets. Their published document, "State of Crypto 2025," explores the current state and future of the digital asset ecosystem, emphasizing how global financial services organizations are adapting their strategies in response to regulatory developments. The report discusses the challenges and opportunities present in the market, noting a trend towards greater regulatory clarity, particularly in the US and European Union, which is expected to enhance institutional adoption of digital assets. Additionally, it highlights the growing interest from banks in developing custody solutions for corporate clients and high-net-worth individuals. Overall, Elliptic's focus is on understanding and navigating the complexities of the digital asset market to support institutional and corporate engagement.