Banking Giants Citi, BNY Mellon and Wells Fargo Lead $105,000,000 Raising for Crypto Infrastructure Company

Crypto trading infrastructure firm Talos’ latest major funding round is raising $105 million from investors including banking giants Citi, BNY Mellon and Wells Fargo.

In a new press release, the New York-based company said: say Global Growth Inc., General Atlantic, led a Series B funding round, raising the present value of Talos to $1.25 billion.

The new funding round includes key 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. participated.

Existing investors in the company also participated, including Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital and Notation Capital.

Further investment comes as Talos experiences explosive growth and institutional trading volume surges more than 20x year-over-year. The company plans to use the additional funds to expand and diversify its institutional-grade digital asset platform, as well as to expand in Europe and Asia Pacific.

Anton Katz, Co-Founder and CEO of Talos, said:

“We believe that digital asset infrastructure will have a far-reaching impact on the entire financial industry and we will eventually see traditional asset classes migrate to this new technology as well. Our investors, including some of Wall Street’s oldest institutions, share this belief and it is an honor to have their trust and support.”

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