Talos

Challenger

Raised $150M Series B at $1.5B valuation with Robinhood, a16z, BNY, Fidelity, Sony Innovation Fund. Doubled revenue and clients two years running. Acquired Coin Metrics, Cloudwall, Skolem, D3X.

Institutional Digital Asset Trading Infrastructure
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Updated April 2026

Company Overview

About Talos

Talos is an institutional digital asset trading infrastructure platform that consolidates order management, execution, risk management, portfolio analytics, and regulatory reporting into a unified system for financial institutions managing digital asset operations. The company raised $150 million in Series B financing at a $1.5 billion valuation with strategic investors Robinhood, Andreessen Horowitz, BNY (Bank of New York Mellon), Fidelity Digital Assets, and Sony Innovation Fund — institutions that collectively represent the full spectrum of digital asset market participants.

Business Model & Competitive Advantage

Talos has doubled revenue and clients for two consecutive years and serves firms with approximately $21 trillion in combined assets under management — including major banks, hedge funds, and digital asset funds that require institutional-grade trading infrastructure. The company has aggressively expanded through acquisitions: Coin Metrics (data analytics), Cloudwall (risk management), Skolem (execution optimization), and D3X (portfolio management), consolidating the institutional digital asset infrastructure stack into a single platform.

Competitive Landscape 2025–2026

BNY's strategic participation is the strongest institutional endorsement: Bank of New York Mellon is one of the world's largest custody banks and is actively building digital asset custody and administration capabilities. BNY's investment in Talos's trading infrastructure signals intent to integrate Talos's execution capabilities with BNY's custody and settlement services, creating a potential combined institutional digital asset offering.

Revenue
$150M
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Key Differentiators

Strong Challenger

Talos is an established challenger with significant market presence and competitive offerings in Fintech.

Growth Stage

Talos has achieved $150M in revenue, demonstrating strong product-market fit.

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