Talos’ valuation has reached $1.25 billion following the recent $105 million Series B funding round led by global growth equity firm General Atlantic. Other investors include Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital and more.
Focused on institutional clients
According to the company’s press release, Talos, a trading infrastructure company focused on providing institutional crypto services, said the new investment round will help scale and diversify its institutional digital asset platform and accelerate expansion in APAC and Europe .
The announcement followed the rapid growth of the unicorn, with institutional trading volume skyrocketing more than 20x year-on-year and the end-user base reaching more than 20 million in 2022. The company has grown over 400% in the past year which currently has opportunities in New York, London, Sweden and Singapore.
Anton Katz, CEO of Talos, said that “digital asset infrastructure will have far-reaching implications for the entire financial industry,” announcing his prediction that traditional asset classes will eventually move into the crypto space. Katz has reportedly stated that the company has no plans to go public any time soon.
As a trading infrastructure for institutional clients, Talos offers services that enable the entire trading lifecycle for trading and settlement through a single point of access. Aaron Goldman, Managing Director and Co-Head of Financial Services at General Atlantic, stated that Talos’ solutions power every aspect of trading with cryptocurrencies and bridging assets from CeFi to DeFi cover.
“Talos provides market participants with enterprise-grade order management, liquidity aggregation, algorithmic execution, reporting and compliance, which should enable more efficient operations, better execution and lower total cost of ownership.”
$40 million Series A round in 2021
Founded in 2018, the crypto company raised $40 million in a Series A round last year from Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments.
Previous investors will continue their partnerships with Talos through this new fund, the press release said, and the company will use this opportunity to accelerate its global expansion and product development.
Source: Crypto News Deutsch