In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the "most innovative and transformational contributions to financial services technology around the world".

Adam Joyce, CTO and co-founder, said in a company post that the award reflected the increasing legitimisation of blockchain technologies and Elliptic's success in building confidence and trust in the bitcoin market.

The news comes after the launch of Elliptic's latest product, the 'Bitcoin Big Bang', a blockchain visualisation tool that serves to draw links between dark web markets and bitcoin exchanges.

Other award winners included JP Morgan Asset Management's enterprise data platform,  BNY Mellon’s global payments infrastructure and Citigroup's Cash Account Initiative.