Robinhood, Sony and trading firms join $45M Series B extension for Talos, valuing am at ~ $1.5B

Talos, one New York-based company wey dey provide institutional crypto trading infrastructure and wey dem start for 2018, close $45 million add-on to im Series B, make the round reach about $150 million and value the company near $1.5 billion. New strategic investors for the extension include Robinhood Markets and Sony Innovation Fund, plus market-making and trading firms IMC, QCP and Karatage. Old backers like a16z Crypto, BNY Mellon and Fidelity still join. Talos talk say dem go use the money to improve trading, portfolio management, execution, treasury, settlement and support for tokenized traditional assets. The company don double revenue and client count over the past two years, hook up with BlackRock’s Aladdin platform, and expand through acquisitions like Coin Metrics. The raise show say investors don dey interested again for crypto market infrastructure, settlement rails and tokenization. For traders: the funding fit speed up institutional tooling, liquidity and settlement improvements wey go affect execution quality and onboarding of tokenized assets.