Today Talos, which provides digital asset trading infrastructure, announced a $105 million Series B funding round led by General Atlantic. The investment values the company at $1.25 billion, and backers include major banks BNY Mellon, Citi, Wells Fargo Strategic Capital and SCB 10X, the subsidiary of Siam Commercial Bank.
Talos connects to exchanges, market makers and custody solutions which means that institutions can use its API for trading, borrowing and lending without needing to do the heavy lifting. The CEO and CTO previously worked at Broadway Technologies, which develops solutions for the fixed income sector in traditional finance.
“We believe that the digital assets infrastructure will have a wide-scale impact on the entire financial industry and ultimately, we will see traditional asset classes migrate to use this new technology as well,” said Anton Katz, co-founder and CEO of Talos.
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