Home 2022 Crypto: Big Banks in, in Big Way

#crypto #banks #invest #talos #digital #assets #bitcoin


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!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.