Robinhood, Sony and trading firms join $45M Series B extension for Talos, valuing it at ~$1.5B
Talos, a New York–based institutional crypto trading infrastructure provider founded in 2018, closed a $45 million extension to its Series B, lifting the round to about $150 million and valuing the company at roughly $1.5 billion. New strategic investors in the extension include Robinhood Markets and Sony Innovation Fund, alongside market-making and trading firms IMC, QCP and Karatage. Existing backers a16z Crypto, BNY Mellon and Fidelity also participated. Talos said it will use proceeds to enhance trading, portfolio management, execution, treasury, settlement and support for tokenized traditional assets. The company has doubled revenue and client count over the past two years, integrated with BlackRock’s Aladdin platform, and expanded via acquisitions such as Coin Metrics. The raise reflects renewed investor interest in crypto market infrastructure, settlement rails and tokenization. For traders: the funding may accelerate institutional tooling, liquidity and settlement improvements that affect execution quality and onboarding of tokenized assets.
Neutral
The funding round is primarily a corporate and infrastructure development event rather than news about a specific cryptocurrency token. Talos provides institutional trading, execution and settlement infrastructure — improvements that support market efficiency and onboarding of tokenized assets over time. Near-term price impact on any single cryptocurrency is likely limited because no native token or market-moving product launch was announced. However, in the medium to long term, better tooling, custody and settlement can increase institutional participation and liquidity, which is generally supportive for crypto markets overall. Consequently, the immediate price reaction is expected to be neutral, while structural effects are modestly bullish over time.