Citi, Wells Fargo, BNY Mellon Invest $105 in Crypto Infrastructure Company Talos

Talos’ valuation reached $1.25 billion after a recent $105 million Series B funding round led by Global Growth Inc. General Atlantic. Other investors include Stripes, BNY Mellon, Citi and Wells Fargo Strategic Capital.

Institutional customer focus

According to the company press releaseTalos, a trading infrastructure company focused on providing crypto services to institutions, said the new round of investment will help expand and diversify its institutional-level digital asset platform and accelerate its expansion into APAC and Europe.

The announcement follows unicorn’s rapid growth, with institutional trading volumes surging more than 20 times year-over-year and end-user base reaching over 20 million by 2022. The company has grown over 400% in the past year. , currently offering opportunities in New York, London, Sweden and Singapore.

Anton Katz, CEO of Talos, said, “The digital asset infrastructure will have far-reaching implications for the entire financial industry,” stressing his prediction that traditional asset classes will eventually move into the crypto space. Reportedly, Katz noted that the company has no plans to go public in the near future.

As a trading infrastructure for institutional clients, Talos provides services that support the entire transaction lifecycle for transactions and settlements through a single point of access. Aaron Goldman, Managing Director and Co-Director of Financial Services at General Atlantic, said Talos’ solution covers all aspects of cryptocurrency trading and linking assets from CeFi to DeFi.

“Talos must provide market participants enterprise-grade order management, liquidity aggregation, algorithm execution, reporting and compliance, allowing for more efficient operations, better execution and lower total cost of ownership.”

2021 $40M Series A Round

Cryptocurrency company founded in 2018 High Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments $40 million in a Series A round last year.

Previous investors said they will continue their partnership with Talos through this new fund, and the company will use this opportunity to accelerate global expansion and product development.

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