Digital Asset Infrastructure Firm Talos Raises $45M, Valuation Hits $1.5 Billion
Talos, a provider of institutional digital asset trading infrastructure, raised $45 million in a Series B extension that brings its total Series B funding to $150 million and values the company at approximately $1.5 billion.
The round includes new strategic investors Robinhood Markets, Sony Innovation Fund, trading firms IMC and QCP, and crypto fund Karatage, alongside returning investors Andreessen Horowitz's crypto fund, BNY and Fidelity Investments, the company announced Thursday in a statement.
The platform supports the full trading and portfolio management lifecycle for institutional clients, providing technology that integrates with existing financial market infrastructure while enabling access to digital asset markets. As major banks and asset managers build crypto capabilities, infrastructure providers like Talos have become critical intermediaries connecting traditional finance to blockchain-based systems.
Most of the new investors are existing clients and partners of Talos, which provides trading, portfolio management and data infrastructure for institutional digital asset operations. A portion of the investment was settled using stablecoins, reflecting growing adoption of blockchain-based payment rails in institutional transactions.
"We extended our Series B round to accommodate interest from strategic partners who recognize Talos's role in providing core institutional infrastructure for digital assets," said Anton Katz, CEO and co-founder of Talos. "At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth."
The fundraise follows strong momentum for the New York-based company, which has roughly doubled revenues and client count annually for the past two years. Talos recently launched a request-for-quote platform integrated with BlackRock's Aladdin trading platform and completed four acquisitions: Coin Metrics, Cloudwall, Skolem and D3X Systems, expanding capabilities across data, risk management, decentralized finance infrastructure and portfolio engineering.
Talos said it plans to use the proceeds to expand product development across portfolio construction, risk management, execution, treasury and settlement tools. The company is particularly focused on supporting traditional asset classes as they migrate to digital formats.
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