Several major financial services firms, including Citi, Wells Fargo and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to “remove barriers to widespread crypto adoption”. The latest funding round values the company at $1.25 billion.
Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech Firm
Several major financial services companies, including Citi and Wells Fargo, have joined a funding round for Talos, a global firm that provides institutional digital asset trading technology.
Talos on Tuesday announced a $105 million Series B funding round, which values the company at $1.25 billion.
Its website explains, “Our institutional-grade infrastructure technology supports the full lifecycle of digital asset trading, from price discovery to execution to settlement,” adding that “Talos removes barriers to widespread crypto adoption.” doing.”
The funding round was led by global growth equity firm General Atlantic, the announcement notes, adding:
New investors joined the round including Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC and Voyager Digital, Graticule Asset Management Asia (GAMA) and Leadblock Partners.
Existing Talos investors include Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financials, Initialized Capital and Notation Capital.
Anton Katz, co-founder and CEO of Talos commented:
This funding round represents a major turning point for the industry. We’ve heard for a long time that ‘institutions are coming.’ The institutions are here now, and we are extremely proud to be the digital asset trading platform of choice for leading institutions around the world.
What do you think about major financial services companies investing in digital asset firms? Let us know in the comments section below.
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