Talos, a New York-based institutional digital asset trading technology platform provider, raised $105M in series B funding that values the company at $1.25 billion.
The round was led by General Atlantic with participation from 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), LeadBlock Partners, Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital, and Notation Capital.
The company intends to use the funds to scale and diversify its institutional-grade digital asset platform to accelerate expansion into APAC and Europe, grow its product lines to support the complete, end-to-end trade lifecycle, strengthen its pre and post-trade tools, and expand its team across the globe.
Led by Anton Katz, co-founder and CEO, Talos powers digital asset trading strategies globally via a platform used by the largest market participants and their end clients. Its network of services – trading platform, marketplace, data and analytics, and portfolio and settlement tools, all offered directly or through service providers on a white-label basis – enable clients of all types to transact end-to-end without concern for unnecessary intermediary risk or potential conflicts of interest.
The company’s client base spans the entire digital asset ecosystem, from buy-side institutions to financial service providers, and includes broker-dealers, prime brokers, hedge funds, banks, OTC desks, custodians, exchanges and lenders.
Talos also has offices in New York, Europe and Singapore.