The funding spherical, led by General Atlantic, values the institutional digital asset expertise supplier at $1.25 billion
NEW YORK, May 10, 2022 /PRNewswire/ — Talos, the premier supplier of institutional digital asset buying and selling expertise, right now introduced a $105 million Series B funding spherical that values the corporate at $1.25 billion. The spherical was led by international development fairness agency General Atlantic with participation from veteran buyers in each the standard finance and digital asset areas. New buyers together with Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners joined the spherical.
“This funding round represents a major inflection point for the industry. We’ve long heard that ‘the institutions are coming’. The institutions are now here, and we’re extremely proud to be the digital asset trading platform of choice for leading institutions around the world,” mentioned Anton Katz, co-founder and CEO of Talos. “We believe that the digital assets infrastructure will have a wide-scale impact on the entire financial industry and ultimately, we will see traditional asset classes migrate to use this new technology as well. Our investors, which include some of the most storied institutions on Wall St., share this belief and we’re honored to have their confidence and support.”
Existing buyers together with Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital, and Notation Capital additionally prolonged their partnerships with Talos by way of this latest funding spherical.
The funding comes on the heels of fast development for the agency, which has seen institutional buying and selling quantity explode over 20x year-over-year. The firm intends to leverage this capital to scale and diversify the agency’s industry-leading institutional-grade digital asset platform that powers each buy-side and sell-side corporations and seeks to speed up Talos’s enlargement into APAC and Europe. Additionally, the agency expects to increase its product traces to assist the entire, end-to-end commerce lifecycle and strengthen its highly effective pre and post-trade instruments.
“We believe the growth in digital assets is driving existing players and new entrants to seek out institutional-grade solutions. Talos provides enterprise grade order management, liquidity aggregation, algorithmic execution, reporting and compliance to market participants, which should allow for more efficient operations, better execution and lower total cost of ownership,” mentioned Aaron Goldman, Managing Director and Co-Head of Financial Services at General Atlantic. “Crypto market structure is still evolving, and Talos’ vision to build a comprehensive toolkit for market participants across CeFi and DeFi positions the company as a competitive disruptor.”
Since creating its platform in 2018, Talos has confirmed the product-market match and viability of its institutional-grade expertise, which powers the total commerce lifecycle for buying and selling, settlement, and extra through a single level of entry. The firm’s consumer base spans the whole digital asset ecosystem, from buy-side establishments to monetary service suppliers, and contains broker-dealers, prime brokers, hedge funds, banks, OTC desks, custodians, exchanges and lenders.
“Talos has built the most powerful technology infrastructure stack aggregating connectivity across the crypto ecosystem, exemplifying Stripes’ focus on truly amazing products and teams that are obsessed with disrupting dynamic and important markets,” mentioned Ken Fox, Founder and Partner at Stripes. “We are thrilled to partner with Talos as they further catalyze and accelerate the institutional adoption of digital assets.”
“This investment is the latest example of BNY Mellon’s commitment to the future of digital assets,” mentioned Jason Vitale, Global Head of FX, Fixed Income and Equities at BNY Mellon. “As a new advisor on Talos’ Strategic Investor Forum, I look forward to collaborating with the leadership team to help deliver resilient, comprehensive institutional solutions to the market.”
In addition to increasing its industry-leading product line, Talos additionally intends to leverage the funding to additional increase its world-class staff throughout the globe. The staff has grown by over 400% in the course of the previous yr and presents alternatives in New York, Europe and Singapore, in addition to absolutely distant roles. If you are enthusiastic about constructing a completely new technology of monetary belongings and wish to be part of the staff, go to talos.com/join-talos for extra info.
About Talos
Talos powers digital asset buying and selling methods globally. Engineered by a staff with unmatched expertise in constructing institutional buying and selling techniques, the Talos platform is trusted by the biggest and most refined market individuals and their finish purchasers for its efficiency, reliability, and safety. Its rising community of providers – buying and selling platform, market, information and analytics, and portfolio and settlement instruments, all supplied straight or by way of service suppliers on a white-label foundation – allow purchasers of all sorts to transact end-to-end with out concern for pointless middleman danger or potential conflicts of curiosity. Talos has places of work in New York, Europe and Singapore. For further info go to www.talos.com.
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