Blockchain risk data analytics firm Elliptic has launched Decode, an AI agent built on the company’s platform that is designed to answer questions about crypto wallet addresses and their risk exposure in seconds through natural-language prompts, while providing traceable data support.
Natural-language prompts replace manual query work
Elliptic said financial analysts have traditionally needed support from data specialists to write queries, a setup that can slow investigations. Decode is meant to remove part of that bottleneck by letting analysts ask questions directly in plain language.
Examples cited in the report include prompts such as asking who the largest counterparty to an exchange was by trading volume over the past six months, or asking who controls a given address and what risks it is exposed to. After receiving a prompt, the system analyzes the request, displays the query it generates, and then produces ranked tables and a short summary.
For large batches of addresses, Decode can also identify counterparties and repeated transactions automatically, reducing work that would otherwise require analysts to piece together results manually.
Built on the Elliptic Standard framework
Jackson Hull, Elliptic’s chief technology officer, said the market is crowded with AI agents that claim to be trustworthy but still fall short of what analysts need for decision-making. He said Decode was developed under the company’s Elliptic Standard framework to provide model transparency and verifiability.
According to Elliptic, every answer is delivered in natural language and includes the logic behind the result, so conclusions can be tied back to a source and supporting evidence rather than appearing as unsupported output.
Batch analysis with human oversight
Decode can run queries across a group of addresses or a broader case set to surface counterparties, common destinations, and repeated patterns. Elliptic said this allows analysts to avoid the slower, more labor-intensive process used in traditional workflows.
The company also said the tool includes a human oversight mechanism. AI is limited to suggesting follow-up directions, while final investigative decisions and case closure remain with human analysts. Elliptic added that Decode draws on a labeled address database accumulated since 2013 to improve data accuracy.
Government rollout first, private-sector access later
Decode is currently available to government agency customers, according to the report. Elliptic plans to make the product available to private enterprises and financial institutions later this year, with the stated aim of helping audit teams in their decision-making process.
ABMedia’s summary of the launch also said the product combines tens of billions of labeled addresses and attribute data accumulated since 2013. It described the technical design as one that preserves verifiable query steps and addresses a common weakness in general-purpose AI systems: the lack of clear data provenance.