Digital asset infrastructure firm Talos has raised a $45 million extension to its Series B funding round, valuing the company at approximately $1.5 billion. New strategic investors including Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage joined the round alongside returning backers. The New York-based company stated the capital will fuel product expansion and support for tokenized traditional assets on its institutional trading platform.
The $45 million extension to Talos‘s Series B round included new strategic investors such as Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage. Returning investors a16z crypto, BNY, and Fidelity Investments also participated, according to the company.
Talos CEO Anton Katz said, “We extended our Series B round to accommodate interest from strategic partners.” Proceeds will be used to expand product development across its trading and settlement tools and to support tokenized traditional assets on its platform.
Founded in 2018, Talos provides software for institutional clients to trade and settle digital assets across various venues. The company stated its revenue and client base have doubled over the past two years and it has added integrations with BlackRock’s Aladdin system.
Talos has also expanded through acquisitions, including the purchase of blockchain analytics company Coin Metrics in a $100 million deal last July. The funding extension occurs as investors show renewed interest in crypto payments and market infrastructure firms.
In October, payments company Stripe secured $500 million for its blockchain initiative, Tempo, in a financing led by Greenoaks and Thrive Capital. More recently, crypto payments infrastructure company Mesh said it raised $75 million in a Series C round led by Dragonfly Capital.
