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 “the barriers to wide-scale crypto adoption.” This latest round of funding values the company at $1.25 Billion.
Citi, Wells Fargo, and BNY Mellon Join $105M Round of Funding for Digital Asset Tech Firms
A round of financing has been completed by a number major financial institutions, such as Citi and Wells Fargo. Talos provides digital asset trading technology for institutional clients.
Talos has announced Tuesday a $105 Million Series B round of funding that will value the company at $1.25 Billion.
“Our institutional-grade infrastructure technology supports the full lifecycle of digital asset trading, from price discovery to execution through to settlement,” its website describes, adding that “Talos is removing the barriers to wide-scale crypto adoption.”
General Atlantic led the funding round, according to an announcement.
The round was joined by new investors, including Stripes and BNY Mellon as well as Citi and Wells Fargo Strategic Capital. DRW Venture Capital. SCB 10x. Matrix Capital Management. Fin VC, Voyager Digital. Graticule Asset Management Asia. (GAMA), and Leadblock Partners.
Andreessen Horowitz, Paypal Ventures and Castle Island Ventures were existing Talos investors.
Anton Katz is the co-founder of Talos and its CEO.
This round of funding represents an important turning point in the industry. We’ve long heard that ‘the institutions are coming.’ The institutions are now here, and we’re extremely proud to be the digital asset trading platform of choice for leading institutions around the world.
How do major financial institutions view investing in digital asset companies? Please leave your comments below.
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