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Banking giants Citi, BNY Mellon and Wells Fargo are leading the $105,000,000 raise for a crypto infrastructure company

The latest major funding round for crypto trading infrastructure company Talos has raised $105 million from investors including banking giants Citi, BNY Mellon and Wells Fargo.
In a new press release, the New York-based company says global growth equity firm General Atlantic has led the Series B funding round that has taken Talos’ current value to $1.25 billion.

The new round of funding brought in major investors including Citi, BNY Mellon, Wells Fargo, Stripes, Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC and Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners.

The company’s existing investors including Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital and Notation Capital also attended.

The additional investment comes as Talos experiences explosive growth, with institutional trading volume increasing more than 20x year-on-year. The company plans to use the additional funds to scale and diversify its institutional digital asset platform and to fund its expansion in Europe and Asia Pacific.

our recommendation Banking giants Citi, BNY Mellon and Wells Fargo are leading the $105,000,000 raise for a crypto infrastructure company, Crypto Trading News

Says Talos co-founder and CEO Anton Katz,

“We believe that digital asset infrastructure will have far-reaching implications for the entire financial industry, and ultimately we will see traditional asset classes eventually migrate to this new technology as well. Our investors, which include some of Wall Street’s most iconic institutions, share this belief and we are honored to have their trust and support.”
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Source: Crypto News Deutsch

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