Citi, Wells Fargo, Siam Commercial Bank, DRW and PayPal supported the digital asset trading company in its bid to accelerate institutional activity in crypto.

Talos, a New York-based crypto asset trading platform, received $105m in series B funding from investors including financial services firms Citi, Wells Fargo, Fidelity, Siam Commercial Bank, trading firm DRW and payment processor PayPal.

Founded in 2018 and emerging from stealth in 2020, Talos operates a suite of services including trading platforms, lending marketplaces, settlement tools and data and analytics aimed at facilitating institutional investment in digital assets.

The roster of financial institutions backing the round speaks to the increased…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.