In the first UK institutional investment into Bitcoin storage, Octopus Investments has invested $2m into Elliptic. It’s first product, Elliptic Vault, claims to be the world’s first ever insured Bitcoin storage service, which launched six months ago.

Elliptic aims to offer suite of enterprise services that try to bridge the gap between traditional finance and digital assets. Their first such product, Elliptic Vault, was the world’s first insured Bitcoin storage service. Targeted at businesses and financial institutions, physical and cryptographic security are combined to provide the highest level of protection for clients’ digital assets.

The company originally came through the Seedcamp programme in which Octopus is an investor.