Talos, a leading institutional digital asset infrastructure provider, has announced a $45 million strategic extension to its Series B funding round, bringing the total Series B raise to $150 million. The extension values the company at approximately $1.5 billion post-money. The round attracted new strategic investors including Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage. They joined returning investors a16z crypto, BNY, and Fidelity Investments.
CEO and Co-Founder Anton Katz stated the extension was driven by strategic partners who recognize Talos's role in providing core infrastructure for digital assets, especially as traditional asset classes migrate to digital rails. A notable detail is that a portion of the investment was settled using stablecoins, highlighting the growing institutional adoption of blockchain-based payments.
The funds will be used to expand product development across the Talos platform, focusing on portfolio construction, risk management, execution, treasury, and settlement tools. A key strategic goal is to expand the platform to support traditional asset classes as they transition to becoming digital assets.
The funding follows a period of strong growth for Talos, with the company roughly doubling revenues and client numbers annually for the past two years. Recent milestones include launching an RFQ platform with BlackRock's traders on the Aladdin platform and acquiring four firms—Coin Metrics, Cloudwall, Skolem, and D3X Systems—to bolster its data, risk management, DeFi infrastructure, and portfolio engineering capabilities.
