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After a recent $105 million Series B funding round led by a global equity firm General Atlantic, the Valuation of Talos has reached $1.25 billion. BNY Mellon, Fargo Strategic Capital, Stripes, and Citi were other investors.
Institutional Clients Are The Focus
Talos, a trading infrastructure company whose focus is to provide crypto services to institutions, revealed that the new round of investment will assist in scalability and diversifying its institutional-grade digital asset platform and speed up the development into APAC and Europe, per the firm’s press release.
With institutional trading volume soaring 20x year-over-year and over 20 million as its end-user base, as of 2022, the announcement has come at the peak of the rapid growth of the unicorn.
During the last year, the company has increased more than 400% and is currently providing opportunities in New York, Singapore, London and Sweden.
Digital infrastructure will have a wide-scale impact on the whole financial industry, said the CEO of Talos, and also advertised his prediction that conventional asset classes will ultimately go into the crypto sector. Katz also revealed that the company does not intend to go public in the coming future.
Talos provides services that run the full-trade lifecycle through a single point of access for trading and settlements as a trading infrastructure aimed at institutional clients. Co-Head of Financial Services and Managing Director at General Atlantic, Aaron Goldman, disclosed every angle of trading cryptocurrencies and connecting assets from CeFi to DeFi.
Talos offers liquidity aggregation, reporting, enterprise-grade order management, algorithmic execution, and agreement with market participants that should enable better execution, more efficient operations and less total cost of ownership, explains Goldman.
Firm Raised $40M In A Series A Round in 2021
Last year, the crypto firm, which was founded in 2018, raised $40 million in a Series A round in which PayPal Ventures, Castle Island Ventures, Fidelity Investments and Andreessen Horowitz (a16z) took part.
According to the release, previous investors would be maintaining their partnerships with Talos via this new fund. The firm will take advantage of this opportunity to speed its global expansion and product development.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
