Talos extends Series B by $45M to $150M; Robinhood, Sony and others join as strategic investors
Talos, a New York–based institutional crypto infrastructure provider, extended its Series B by $45 million, bringing the round to $150 million and valuing the company at about $1.5 billion. New strategic investors in the extension include Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, with returning backers a16z Crypto, BNY and Fidelity also participating. Part of the extension was settled in stablecoins, signalling growing acceptance of on‑chain settlement for institutional fundraising. Talos reported that revenue and client counts have roughly doubled over the past two years (from $27.2M in 2023 to $45.5M by mid‑2025 in earlier reporting) and cited recent inorganic expansion, including an acquisition of Coin Metrics for roughly $100M and integrations such as BlackRock’s Aladdin. Proceeds will be used to expand product development across trading, execution, portfolio management, treasury and settlement, and to accelerate regional growth in Europe and APAC. The raise highlights renewed investor interest in crypto market infrastructure, settlement rails and tokenization of traditional assets—areas traders should watch for changes in liquidity, custody flows and institutional on‑chain settlement adoption.
Neutral
The news is neutral for direct price impact on any single cryptocurrency because the announcement concerns institutional infrastructure and corporate funding rather than a protocol upgrade or token issuance that would immediately affect a token’s supply or demand. Positive signals include increased institutional adoption of on‑chain settlement (stablecoin usage) and continued investment into market infrastructure, which can improve liquidity, execution and custody over the medium to long term—generally bullish for the crypto ecosystem. However, these benefits are gradual and diffuse across many assets; they do not imply an immediate price move for specific tokens. Short term, traders may see modest volatility around related infrastructure or service providers’ tokens if any are publicly traded, but for major coins (BTC, ETH, etc.) the direct effect is limited. Over the long term, improved institutional rails and tokenization could support higher institutional flows and deeper liquidity, which is bullish structurally, while near‑term price action should be treated as neutral pending concrete product launches or large capital inflows tied to on‑chain settlement.