Robinhood and Sony join Talos' cap table in $150 million round
Institutional crypto trading platform Talos has completed a $150 million funding round, with new investors including Robinhood and Sony. Part of the funding was settled using stablecoins, pointing to growing institutional comfort with blockchain-based payment rails.
Talos is a B2B platform that provides institutional traders with access to liquidity, risk management tools, analytics, and other solutions for working in the cryptocurrency market. The company was founded in 2018 and has already established itself as a reliable service provider for major industry players.
The participation of investors like Robinhood and Sony indicates a growing interest in the traditional financial sector towards cryptocurrencies and blockchain technologies. Robinhood, known as one of the leading brokerage companies in the stock market, is actively developing its cryptocurrency division, while Sony is a large technology conglomerate with a wide range of interests, including financial services.
Experts believe that the arrival of such well-known players in the cryptocurrency space will contribute to further institutional adoption of this asset class and the development of infrastructure for professional market participants.