Talos Extends Sequence B to $150M with Robinhood, Sony Backing

Digital asset infrastructure supplier Talos raised a $45 million extension to its Sequence B funding spherical, valuing the corporate at about $1.5 billion.

The extension included new strategic buyers equivalent to Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning buyers a16z crypto, BNY and Constancy Investments, based on the corporate.

“We prolonged our Sequence B spherical to accommodate curiosity from strategic companions,” stated Talos CEO Anton Katz. Talos stated proceeds will probably be used to increase product growth throughout its buying and selling, portfolio administration, execution, treasury and settlement instruments and to assist tokenized conventional belongings on its platform.

Talos is a New York-based firm based in 2018 that gives software program to permit institutional shoppers to commerce, handle and settle digital asset positions throughout exchanges, over-the-counter desks, custodians and different liquidity suppliers. 

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The corporate stated income and its shopper base have doubled over the previous two years and that it has added integrations with BlackRock’s Aladdin system.

Talos has additionally expanded via acquisitions. In July, the corporate acquired blockchain analytics c Coin Metrics firm in a $100 million deal.

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Crypto infrastructure companies proceed to boost capital

Talos’s Sequence B extension comes as buyers present renewed curiosity in firms constructing crypto funds and market infrastructure, notably platforms centered on settlement, stablecoins and institutional-scale monetary rails.

In October, funds firm Stripe secured $500 million for its blockchain initiative, Tempo, in a Sequence A financing led by Greenoaks and Thrive Capital, assigning the challenge a $5 billion valuation.