PayPal Ventures & Fidelity Investments Participated in $40 Million Series A Funding Round For Digital Asset Trading Tech Provider Talos

 

 

Talos, a U.S.-based institutional technology provider for digital asset trading, today announced the completion of a $40 million Series A investment round, which was led by Andreessen Horowitz with participation from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures.

Launched in 2019, Talos provides an institutional-grade technology infrastructure that supports the full lifecycle of digital assets trading, from price discovery to execution through to settlement.

“Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects the diverse group of participants involved in today’s crypto-asset market structure – institutional investors, prime brokers, exchanges, OTC desks, lenders, and custodians – through a single point of entry. This streamlines the entire trading process, eliminates unnecessary intermediary risk, and provides institutions a clear path to best execution.”

Anton Katz, Talos Co-Founder and CEO, shared more details about the company by stating:

“Through the amazing efforts of our team, coupled with the strong support of both our clients and investors, we have successfully brought the Talos platform to market and gained significant traction over the last two years. Now, by partnering with some of the most prominent players in the global financial markets, we can realize our goal of providing the fabric for institutional trading of digital assets around the world. We are both thrilled and humbled to be working alongside this incredible group of strategic partners.”

Speaking about the investment round, Talos Co-Founder and CTO, Ethan Feldman, further commented:

“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.”

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