SCB 10X, the main investment arm for startups and technology within the SCB X group, has announced its participation in a $105 million Series B funding round for Talos (https://talos.com/), a leading global company specializing in technology development for institutional clients trading digital assets. This funding round was led by General Atlantic, a global investment firm, alongside SCB 10X and other prominent investors including BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW, Matrix, Fin Cap, and Voyager. As a result of this funding, Talos has seen its company valuation rise to $1.25 billion.

          Ms. Mukya (Tai) Panit, Chief Investment Officer of SCB 10X, stated, "Infrastructure plays a crucial role in fostering innovation for the future. We recognize that Talos' Crypto Order Management and Execution system is designed to meet the needs of hedge funds, asset managers, banks, brokers, dealers, and prime brokers, as well as various service providers. Talos offers comprehensive digital asset trading infrastructure, including cryptocurrency, enabling institutional clients to manage their investments throughout the entire trade life cycle, from price discovery to execution, clearing, and settlement." Ms. Mukya further added, "We cannot overlook the ongoing transformation in the financial sector. We see Talos' role as increasingly important in helping digital assets gain widespread acceptance among institutional investors, and we are excited to be part of Talos' growth."

          Mr. Anton Katz, CEO and co-founder of Talos, remarked, "We believe that ultimately, the infrastructure for digital assets will have a broad impact on the entire financial industry, as traditional assets will eventually become part of this new technology." Mr. Katz continued, "This funding comes from our investors, which include several well-established financial institutions from Wall Street, marking a significant turning point for the global financial industry. We have long heard that financial institutions are entering the digital asset space, but in reality, they have already arrived, and Talos is honored to have the trust and support of these financial institutions."

The funding for Talos comes after the company witnessed a massive 20-fold increase in digital asset trading volume from institutional investors compared to the same period last year (Year-over-Year - YoY). This latest funding round also received support from existing investors who have partnered with Talos, including Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate, Initialized Capital, and Notation Capital. With this new capital, Talos aims to expand its services into the Asia-Pacific region and Europe, while continuing to grow and innovate technology to support a comprehensive digital asset trading cycle covering all investment stages (End-to-end Trade Lifecycle), including the development of effective tools and resources both before and after digital asset trading.

Talos intends to use the funding to expand its global team. Over the past year, our team has grown by 400%, and Talos currently has job openings in various cities and countries worldwide, including New York, London, Sweden, and Singapore, as well as remote roles.