Crypto trading infrastructure provider Talos has raised $105 million in a Series B funding round, with the startup valuing $1.25 billion.

We are honored and excited to announce that we have completed our Series B funding round with some of the most innovative investors in the industry. https://t.co/wYn4uboo2l pic.twitter.com/3wFdFGQbih

— Talos (@talostrading) 10 May 2022

The tour was led by General Atlantic. Participants include: Wells Fargo Strategic Capital, Citigroup, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others. All invested in Talos for the first time.

The startup was also supported by existing investors such as Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments.

Talos provides direct access to the cryptocurrency market, price monitoring, reporting, clearing and other services for institutional clients.

“This tour is an important milestone for the industry. We’ve been hearing for a long time: “The Institutionalists are coming”. “Now they are here and we are proud to be the crypto trading platform for leading institutions.”

The firm was founded in New York in 2018 and has offices around the world. The startup will use the funds raised to expand its business in the Europe and Asia-Pacific region (APR).

“We have grown organically in these regions, but now we want to scale our reach with an expansion strategy,” said Samar Sen, Asia Pacific Director of Talos.

For this purpose, the company will increase the number of its current employees by approximately 80 people.

Currently, Talos provides trading through centralized exchanges. Sen said the firm is exploring the possibility of supporting DeFi platforms.

Recall that in May 2021 the startup closed its $40 million Series A funding round led by a16z.