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The latest major funding round for crypto trading infrastructure firm Talos is raising $105-M from investors including banking giants Citi, BNY Mellon and Wells Fargo.
In a new press release, the New York-based company says that global growth equity firm General Atlantic led the Series B funding round that brought Talos’ current value to $1.25-B
BNY Mellon has surfaced as an investor in Talos, a provider of institutional digital asset trading technology.
BNY Mellon is among Talos’ new investors, along with Citi and Wells Fargo Strategies, and others.
“This investment is the latest example of BNY Mellon’s commitment to the future of digital assets,” global head of FX, fixed income and equities at BNY Mellon, said in a prepared statement. “As a new advisor on Talos’ Strategic Investor Forum, I look forward to collaborating with the leadership team to help deliver resilient, comprehensive institutional solutions to the market.”
BNY Mellon, based in New York, has 2 listings because of separate charters for The Bank of New York Mellon and BNY Mellon. It is also the region’s 9th-largest employer with about 7,000 staffers. Historically, southwestern Pennsylvania has been home to the largest number of BNY Mellon employees across its international footprint.
BNY Mellon is building its own digital assets custody platform for traditional assets such as stocks and bonds as well as digital assets including cryptocurrencies such as bitcoin to address clients’ needs, and plans to bring it to market in Y 2022.
BNY Mellon provides fund services for digital asset-linked products, including those from Grayscale Investments, the world’s largest digital asset manager, and services the majority of active cryptocurrency funds in Canada. It is also an investor in Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies.
As of 31st March BNY. Mellon has $45.5-T assets under custody and/or administration and $2.3-T assets under management.
Have a prosperous weekend, Keep the Faith!