Talos
Unicorn Β· $1.5B24 known investors
Talos provides white-label cryptocurrency trading infrastructure and technology for retail investment platforms and digital asset brokerages. The platform enables customers to aggregate liquidity from multiple exchanges and OTC desks, manage trading workflows, and deliver branded trading experiences to end users.
Also known as Talos Trading
Founders & leadership
Investors Β· 24
Also in the syndicate Β· 5
Valuation Β· disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed β follow each entry's link for the claim.
Company profile
researched Aug 2026Talos supplies technology and data covering the full digital asset investment lifecycle for institutions, spanning liquidity sourcing, price discovery, trading, settlement and portfolio management. Its platform connects clients to exchanges, OTC desks, prime brokers, lenders and custodians through a single interface, and is offered as software-as-a-service; the company states it does not itself provide pre-negotiated arrangements with liquidity providers, which clients must negotiate bilaterally.
Product modules include a trading platform with FIX connectivity, multi-dealer RFQ, execution algorithms and smart order routing; a white-label offering with customer GUIs, streaming APIs, pricing engine, auto-hedging and credit or pre-funded trading workflows; portfolio construction tools for asset managers, ETF issuers and RIAs; portfolio and risk management covering spot, perpetuals, futures and options with connectivity to roughly 60 venues; treasury and settlement tooling that integrates with existing OMS and PMS systems; and post-trade analytics. The company describes a modular, API-first design, same-day installation, and 24/7 support.
Following its January 2026 Series B extension, Talos said it would broaden product development across portfolio construction, risk management, execution, treasury and settlement, and extend the platform to traditional asset classes as they migrate onto digital rails. The announcement also referenced four acquisitions β Coin Metrics, Cloudwall, Skolem and D3X Systems β adding capabilities in data, risk management, DeFi infrastructure and portfolio engineering.
Founding story
Talos was co-founded by Anton Katz (CEO) and Ethan Feldman (CTO), who worked together at Broadway Technology. Katz was previously Head of Trading Technology at AQR Capital Management and Director of Software at Broadway Technology, and began his career at Microsoft; he holds a computer science degree from MIT. Feldman spent ten years at Broadway Technology and also began his career at Microsoft, holding undergraduate and graduate computer science degrees from Cornell University.
Business model
Software-as-a-service: Talos licenses connectivity, execution, portfolio, risk and settlement software to institutional clients, including white-label deployments in which clients present Talos-powered trading to their own customers. Talos states it is not a counterparty to client arrangements with liquidity providers.
Sources describe Talos as offering software-as-a-service products to institutional clients; specific pricing terms are not disclosed. The company reported roughly doubling revenues in each of the two years preceding January 2026.
Traction
Talos reported roughly doubling both revenues and client count in each of the two years to January 2026, connectivity to approximately 60 venues, an RFQ platform launched with BlackRock traders on the Aladdin platform, and four completed acquisitions (Coin Metrics, Cloudwall, Skolem, D3X Systems).
Latest developments
On 29 January 2026 Talos announced a $45 million Series B extension bringing the Series B total to $150 million at an approximately $1.5 billion post-money valuation, with part of the investment settled in stablecoins. Related announcements referenced the launch of an RFQ platform with BlackRock traders on Aladdin, the addition of prediction markets to its institutional trading infrastructure, the appointment of Drew Forman as SVP, Head of Strategy, and plans to extend the platform to traditional asset classes.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positions itself as institutional digital asset infrastructure connecting traditional financial institutions to crypto markets; client and partner testimonials on its site come from firms including Cumberland/DRW, Secure Digital Markets, Europa Partners, Abra and Caleb & Brown. Its January 2026 raise included strategic investment from Robinhood Markets, Sony Innovation Fund, IMC, QCP, Karatage, a16z crypto, BNY and Fidelity Investments.
The company emphasizes end-to-end coverage from price discovery through execution to settlement and portfolio management in one platform, single-gateway connectivity requiring no client engineering work, modular API-first components, institutional-grade resiliency and security standards drawn from traditional finance, and a founding team with backgrounds in institutional trading technology.
Technology
A modular, API-first trading and portfolio system for digital assets offering FIX and streaming API connectivity, multi-dealer RFQ, execution algorithms, smart order routing, liquidity aggregation, pricing engines, auto-hedging, allocations and reporting, real-time portfolio and risk views across spot, perpetuals, futures and options, trade reconciliation, custodian transfer initiation, and OMS/PMS integration. The company says the platform is engineered for throughput far above current trading volumes and supports same-day installation.
Go-to-market
Direct enterprise sales via demo requests on the company website, supported by regional sales leadership for the Americas, EMEA and APAC, and a provider network of connected exchanges, OTC desks, prime brokers, lenders and custodians. Strategic investors in the Series B extension are described as largely existing clients and partners.
Institutional market participants: hedge funds, asset managers, ETF issuers, RIAs, brokers and neobanks, principal OTC desks, banks, and trading platforms, plus white-label partners serving their own end customers.
Geography
Offices in New York, London, Singapore and Cyprus; New York is identified as the company's base in press coverage. Leadership includes heads of sales for EMEA and APAC and a head of operations for EMEA. The company notes services and venues may not be available in all jurisdictions.
History
The company's website dates its story to 2018. By 2026 it had built out a leadership bench covering technology, operations, legal, compliance, finance, product and regional sales, and had completed acquisitions of Coin Metrics, Cloudwall, Skolem and D3X Systems. In January 2026 it extended its Series B to a $150 million total at an approximately $1.5 billion post-money valuation.
Risks & controversies
No controversies are described in the sources. The company's own disclaimer notes it provides connectivity software only, is not a party to client arrangements with liquidity providers, and that services and venues may not be available in all jurisdictions. Note that a similarly named entity, Cisco's Talos Intelligence Group (talosintelligence.com), is an unrelated cybersecurity organization.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 8
by search overlap
Companies competing with Talos for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 8
launches, deals, and filingsCited among four digital asset firms acquired by Talos, enhancing risk management capabilities. No acquisition date or amount was disclosed in the source.
Talos's Series B extension press release cites the acquisition of Coin Metrics as one of four digital asset firms acquired, enhancing capabilities in data. No acquisition date or amount was disclosed in the source.
Cited among four digital asset firms acquired by Talos, enhancing portfolio engineering capabilities. No acquisition date or amount was disclosed in the source.
Cited among four digital asset firms acquired by Talos, enhancing DeFi infrastructure capabilities. No acquisition date or amount was disclosed in the source.
Talos announced a $45 million Series B extension with new strategic investors Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning investors a16z crypto, BNY and Fidelity Investments. The extension brings total Series B funding to $150 million at an approximately $1.5 billion post-money valuation. A portion of the investment was settled using stablecoins. Proceeds are earmarked for product development across portfolio construction, risk management, execution, treasury and settlement, and for extending the platform to traditional asset classes migrating to digital form.
$45M source β
Talos announced the launch of its RFQ platform with BlackRock's traders on the Aladdin platform, referenced as a recent milestone in the Series B extension announcement.
Talos appointed former Cowen Digital head Drew Forman as SVP, Head of Strategy; he is listed on the company leadership page in that role. Exact appointment date not stated in sources.
A press release listed alongside the Series B announcement states Talos brought prediction markets onto its institutional trading infrastructure. No date is given in the source beyond its listing among recent releases.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Talostalos.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Talos do?
- Talos provides institutional-grade software for digital asset trading, portfolio management, treasury and settlement.
- Who founded Talos?
- Talos was founded by Anton Katz.
- Who are Talos's investors?
- Talos's investors include 10SQ Capital (TenSquared), a16z crypto, Andreessen Horowitz, Castle Island Ventures, Coinbase Ventures, Elefund, Fin Capital, FINTOP Capital and 11 more.