Talos, a provider of institutional digital asset infrastructure spanning trading, portfolio management, and data and tooling, said it has raised a $45 million Series B extension, bringing its total Series B financing to $150 million and pushing its post-money valuation to approximately $1.5 billion.
The company said the extension adds a group of new strategic investors that includes Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage, alongside returning backers a16z crypto, BNY, and Fidelity Investments. Talos framed the round as an opportunity to bring existing clients and partners onto the cap table as traditional financial activity continues shifting toward tokenized, blockchain-based rails.
Talos also said a portion of the investment was settled using stablecoins, pointing to what it described as growing institutional adoption of blockchain-based payment rails for transactions.
Proceeds from the extension are expected to fund continued product development across the Talos platform, including portfolio construction and risk management capabilities, execution workflows, and treasury and settlement tools. Talos also said it plans to expand support for traditional asset classes as they migrate into digital asset formats.
The raise follows what Talos described as significant business momentum, including roughly doubling revenue and the number of clients each year over the past two years. The company also pointed to the launch of an RFQ platform with BlackRock traders on the Aladdin platform, and cited four acquisitions it said strengthened the platform across data, risk management, DeFi infrastructure, and portfolio engineering: Coin Metrics, Cloudwall, Skolem, and D3X Systems.
KEY QUOTES
“We’re proud to have some of the world’s most respected institutions, most of them existing clients and partners, join us as investors. 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. At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth. Together, we’re building the foundation for the next generation of financial markets.”
Anton Katz, CEO and Co-Founder, Talos
“Talos’s flexibility and rapid adaptability allow us to deepen our liquidity and deliver even more advanced features to Robinhood Crypto customers. We’re happy to support their growth as they work to power the digital asset ecosystem.”
Johann Kerbrat, SVP and GM of Crypto, Robinhood
“Talos has built a comprehensive crypto platform from the ground up to address the complex needs of large financial institutions as they rapidly scale their businesses. At Sony Innovation Fund, we’ve been particularly impressed by the company’s evolution from order execution to a full front-, middle- and back-office solution, complemented by robust digital asset data and analytics. We’re excited to support Talos in this next phase of growth and help accelerate its continued expansion.”
Kazuhito Hadano, CEO, Sony Ventures Corporation
“Talos’s focus on institutional requirements – performance, safety and reliability – positions it as a preferred gateway for institutions entering digital asset markets and aligns with IMC’s view of how the market will continue to evolve and mature.”
Jae Park, CFO Crypto, IMC
“Digital assets are no longer a standalone market – they’re becoming the rails for broader capital markets. Talos is building the infrastructure that allows institutions to trade, manage risk and allocate capital seamlessly across that transition.”
Darius Sit, Founder, QCP
“Anton and the Talos team have built an exceptional, institutional-grade platform that is the essential infrastructure for the evolving digital asset ecosystem. Their relentless focus on innovation, combined with best-in-class execution, positions Talos as the dominant leader as traditional finance migrates to digital rails. As a long-term believer in high-quality infrastructure and deep tech, Karatage is proud to invest and support their next phase of growth and contribute to building the foundation for the future of financial markets infrastructure.”
Marius Barnett, Co-Founder and CEO, Karatage
