Talos adds $45M with Robinhood and Sony backing

Crypto infrastructure firm Talos has raised a $45 million extension to its Series B funding round, valuing the New York-based company at about $1.5 billion as institutional interest in market infrastructure grows.

The extension brought in new strategic investors including Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside existing backers a16z crypto, BNY and Fidelity Investments.

“We extended our Series B round to accommodate interest from strategic partners,”

Said Talos chief executive, Anton Katz, adding that the funds will support product expansion and tokenised traditional assets.

Talos said the capital will be used to grow its trading, execution, portfolio management, treasury and settlement tools for institutional clients.

Founded in 2018, Talos provides software that allows institutions to trade, manage and settle digital assets across exchanges, over-the-counter desks, custodians and liquidity providers.

The company said its revenue and client base have doubled over the past two years and that it has added integrations with BlackRock’s Aladdin system.

The raise comes as crypto infrastructure firms attract renewed capital, following large financings by payments and settlement platforms as investors focus on institutional-grade financial rails.