According to Talos, the funds will be used for developing a platform that helps institutional investors seamlessly access the cryptocurrency ecosystem.Talos, an institutional-grade technology infrastructure provider, has announced the close of a Series A round of funding with $40 million led by venture capital firm Andreessen Horowitz. According to the firm through a press release, the just concluded Series A round of funding included investments from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures.Additionally, earlier investors from Talos who participated in the just-concluded round of funding included Castle Island Ventures, Notation Capital, Autonomous Partners, and Initialized Capital. Talos and Its Recent Funding RoundAccording to Talos, the money received in the funding round will be used for developing a platform that helps institutional investors seamlessly access the cryptocurrency ecosystem. Furthermore, institutional investors have been the leading factor in the recent bull market that has seen the cryptocurrency industry soar to over $2 trillion market capitalization earlier this year.â€œWe are focused on building the best platform to access the crypto ecosystem,â€ added Talos co-founder and CTO Ethan Feldman. â€œThis new capital will enable us to stay ahead as the digital assets market structure matures and deliver the familiar institutional-grade infrastructure our clients demand.â€Talos was conceptualized and actualized back in 2018 by Anton Katz and Ethan Feldman. Over time, the firm has grown to a reputable entity in the cryptocurrency industry, particularly to institutional investors seeking to get crypto exposure.â€œThrough the amazing efforts of our team, coupled with the strong support of both our clients and investors, we have successfully brought the Talos platform to market and gained significant traction over the last two years,â€ said Anton Katz, Talosâ€™s co-founder, and CEO. â€œNow, by partnering with some of the most prominent players in the global financial markets, we can realize our goal of providing the fabric for institutional trading of digital assets around the world. We are both thrilled and humbled to be working alongside this incredible group of strategic partners.â€Notably, Talos got backing from leading firms in the global payment industry particularly PayPal that has in the recent past focused on growing towards the cryptocurrency industry.Through the investment, Talos will provide better services to institutional customers by providing the “full trade lifecycle that includes liquidity sourcing, direct market access, price discovery, algorithmic trade execution, transaction cost analysis (TCA), reporting, clearing, and settlement”.Institutional investors have shown great interest in the cryptocurrency industry but will only access the market through secure and tested means. Furthermore, most of the institutional investors seeking to venture into the crypto market might be publicly traded or held under the law by regulators. next Blockchain News, Business News, Cryptocurrency news, Investors News, News A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
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