Crypto trading infrastructure provider Talos, which provides direct access to the cryptocurrency market, price monitoring, reporting, clearing and other services for institutional clients, has recently raised $105M in a Series B funding round.
According to the startup, its market valuation has reached $1.25B following the funding round, which was led by General Atlantic. Other participants include Wells Fargo Strategic Capital, Citigroup, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others, who have now made their first investment in the company.
In addition, existing investors Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments have also contributed to this fundraising.
The company co-founder and CEO Anton Katz has said:
“This round is a major turning point for the industry. We have been hearing for a long time: “The institutionalists are coming”. Now they are here and we are proud to be the crypto trading platform for leading institutions.”