Several major financial firms, including Citi, Wells Fargo and BNY Mellon, are investing in institutional digital asset technology provider Talos, which seeks to remove “barriers to widespread adoption of cryptocurrencies.” The latest round of funding values the company at $1.25 billion.
Citi, Wells Fargo, BNY Mellon are participating in a $105 million funding round for a digital asset technology company
A number of major financial firms, including Citi and Wells Fargo, have joined a funding round for Talos, a global institutional digital asset trading technology company.
On Tuesday, Talos announced a $105 million Series B funding round, valuing the company at $1.25 billion.
“Our institutional-level infrastructure technology supports the full life cycle of digital asset trading, from price discovery to execution and settlement,” the company said on its website, adding that “Talos removes barriers to widespread adoption of cryptocurrency.”
The funding round was led by global growth investment firm General Atlantic, the announcement notes, adding:
New investors joined the round, including Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC and Voyager Digital, Graticule Asset Management Asia (GAMA) and Leadblock Partners.
Among Talos’ existing investors were Andreessen Horowitz (a16z), Paypal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital and Notation Capital.
Anton Katz, co-founder and CEO of Talos, commented:
This funding round represents an important turning point for the industry. We’ve been hearing for a long time that “the institutions are coming.” Now they’re here, and we’re very proud to be the digital asset trading platform of choice for leading institutions around the world.”
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