Talos aims to accelerate the adoption of digital assets by institutions. Now, it has the support of some well-known investment institutions in the industry.
Coinworld-cryptocurrency trading platform Talos completes US$40 million in Series A financing, led by a16z
According to Cointelegraph’s May 27 news, digital asset institutional trading platform Talos raised US$40 million in Series A financing, led by Andreessen Horowitz (a16z), PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial and Steadfast Capital Ventures participated in the investment.
Talos said that the Series A financing will be used to expand its institutional trading platform. The company provides liquidity sources, direct market access, and clearing and settlement services for fund managers and other institutions. Its customers include banks, broker-dealers, over-the-counter trading counters, custodians and exchanges and other buyer institutions and financial service providers.
Talos co-founder and CEO Anton Katz said in a statement that the company “has been very successful in attracting new institutional clients in the past two years.” He added:
By cooperating with the most famous institutions in the global financial market, we can provide infrastructure services for institutional transactions of global digital assets.
Arianna Simpson, partner of Andreessen Horowitz, said:
We have reached a turning point: only when a robust and scalable institutional-level market infrastructure is established can institutions widely adopt cryptocurrencies.
Peter Sanborn, managing partner of PayPal Ventures, believes that digital assets play a “key role” in the global financial system, and Talos software “provides important market structure support to help institutions safely participate in digital currency transactions.”
This year, Andreessen Horowitz shines in the digital currency market. It invested $76 million in the second-tier expansion solution, the NFT market, and a privacy-based blockchain protocol. In addition, the venture capital company announced a $1 billion crypto fund plan to support various emerging digital asset companies.
Post time: May-28-2021