Infrastructure cryptocurrency company Talos has raised $105 million in a Series B funding round. The proceeds will go toward the company’s global expansion.
General Atlantic led the financing, with participation from Citigroup, Wells Fargo Strategic Capital, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others.
This brought Talos’ valuation to $1.25 billion.
Talos provides tools for institutional crypto investors. In the pre-trade phase, the firm aggregates liquidity from multiple venues, including exchanges and OTC trading centers. Talos then uses algorithms and intelligent order routers on its platform and performs settlement services.