General Atlantic leads $105 million funding in crypto trading platform Talos

div classBodysc17zpet90 cdBBJodivpReuters – Digital asset trading platform Talos said on Tuesday it has raised 105 million in an earlystage funding round led by U.S. private equity firm General Atlantic, taking the companys valuation to 1.25 billion. p

pLeading banks such as Citigroup Inc, Wells Fargo & Cos investment arm and BNY Mellon Corp also invested in the Series B round, along with New York Citybased global growth investor Stripes and SCB 10X, the venture arm of Thailands Siam Commercial Bank Pcl.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pFounded by Anton Katz and Ethan Feldman, Talos launched its platform in 2018 and has an impressive lineup of existing investors such as Andreessen Horowitz, PayPal Ventures and Fidelity Investments, who extended their partnership through the latest funding round. p

pTalos platform has users across the digital asset ecosystem, including brokerdealers, prime brokers, hedge funds, banks, custodians, exchanges and overthecounter desks, according to the company.p

pThe New York Citybased firm intends to use the capital raised to expand product lines and invest in its trading platform in an effort to accelerate its expansion into Europe and Asia Pacific markets.p

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pp Reporting by Sohini Podder in Bengaluru Editing by Krishna Chandra Elurip

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