Talos, a leading provider of institutional digital asset infrastructure, has successfully secured an additional $45 million in a Series B extension round. This new funding brings the total raised in the series to $150 million and elevates the company's post-money valuation to approximately $1.5 billion. The round attracted a formidable group of new strategic investors, including Robinhood Markets and Sony Innovation Fund, alongside continued support from existing backers like a16z crypto and Fidelity Investments.
Strategic Investor Confidence
The participation of prominent financial and technology firms underscores growing confidence in Talos's foundational role within the digital asset ecosystem. Johann Kerbrat of Robinhood highlighted Talos's flexibility and adaptability as key to enhancing their crypto services for customers. Similarly, Sony Innovation Fund's Kazuhito Hadano praised the company's evolution into a comprehensive front-to-back-office solution, addressing the complex needs of large financial institutions entering the space.
Further endorsements came from new investors IMC, QCP, and Karatage, who view Talos as a preferred gateway for institutional market entry. They emphasized the platform's focus on performance, safety, and reliability as critical for the market's maturation. These partners recognize that Talos is building the essential infrastructure to facilitate the seamless transition of traditional capital markets onto digital rails, positioning it as a dominant leader for the future.
Fueling Platform Expansion
The proceeds from this funding extension are earmarked for significant product development across the Talos platform. The company plans to enhance its full suite of tools, spanning portfolio construction, risk management, execution, and settlement. A key strategic priority is expanding the platform's capabilities to support traditional asset classes as they increasingly migrate to digital formats, bridging the gap between legacy and future financial systems.
Notably, a portion of the investment was settled using stablecoins, reflecting the growing institutional adoption of blockchain-based payment rails for significant transactions. This move highlights an industry trend where on-chain payments offer efficiency and transparency in capital markets. The use of stablecoins in institutional fundraising signals a deeper integration of digital assets into core financial operations, a domain where Talos provides critical infrastructure.
A Pattern of Sustained Growth
This fundraise follows a period of substantial momentum for Talos, which has reported doubling its revenue and client count annually for the past two years. The company recently launched a new RFQ platform with traders on BlackRock’s Aladdin platform, demonstrating its deep integration with major institutional players. Furthermore, Talos has strategically acquired four digital asset firms to bolster its expertise in data, risk management, and DeFi infrastructure.
The scale of Talos's operations provides context for its rapid growth, with CEO Anton Katz noting that asset managers using the platform represented approximately $21 trillion in assets under management. Since its inception, the company has supported over $150 billion in trading volume, solidifying its status as a high-capacity infrastructure provider. These figures illustrate the significant institutional activity already flowing through the Talos ecosystem.
In conclusion, Talos's successful Series B extension is a powerful validation of its strategic importance in the evolving financial landscape. The investment from a diverse group of industry leaders not only provides capital for expansion but also cements the company's role as the institutional-grade backbone for digital assets. As traditional finance continues its convergence with blockchain technology, Talos is well-positioned to power the next generation of global markets.