Interest in cryptocurrencies is not only limited to retail investors but we are seeing continuous Institutional adoption of digital assets as well. Talos seeks to accelerate this with its institutional trading platform and has raised $40M from some of the biggest venture capitalists in the digital asset market.
The round was lead by led by Andreessen Horowitz’s a16z, other investors include PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and Steadfast Capital Ventures. Talos was founder by Anton Katz (CEO) and Ethan Feldman (CTO) in 2018. Anton Katz earlier served as Head of Trading Technology for AQR Capital Management, one of the world’s most prominent quantitative investment firms.
The Talos platform helps institutions manage the full trade lifecycle, including liquidity sourcing, direct market access, price discovery, algorithmic trade execution, transaction cost analysis (TCA), reporting, clearing, and settlement.
Talos want to use this funding in the expansion of its institutional trading platform and build more services. Its clients include buy-side institutions and financial service providers such as banks, broker-dealers, over-the-counter desks, custodians, and exchanges. Market players can use the platform to interact with other providers through a single configurable API or GUI.
We are focused on building the best platform to access the crypto ecosystem. This new capital will enable us to stay ahead as the digital assets market structure matures and deliver the familiar institutional-grade infrastructure our clients demand.Talos co-founder and CTO Ethan Feldman
Andreessen Horowitz’s a16z is on a spree to build the best crypto startup portfolio. This year alone a16z has invested in layer-two scaling solutions – Optimism, NFT marketplaces – OpenSea, and privacy-focused blockchain protocol – Aleo to the tune of $76 million. The firm has plans for a $1 billion crypto fund that will be used to bootstrap various up-and-coming digital asset companies.