Talos

Talos has closed a $45M Series B extension, bringing our total Series B funding to $150M. ➡️ Read more: ow.ly/eWJw50Y59Y6 The extension brings strategic partners in closer alignment with Talos as we continue building the unified, front-to-back infrastructure institutions rely on as markets move to digital rails. We are grateful to our new strategic investors: Robinhood Markets @RobinhoodApp Sony Innovation Fund @Sony_Innov_Fund IMC @IMCTrading QCP @QCPgroup Karatage @Karatage As well as returning investors: @a16zcrypto, @BNYglobal and @Fidelity Investments. 🎙️“We extended our Series B round to accommodate interest from strategic partners who recognize Talos’s role in providing core institutional infrastructure for digital assets. At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth. -- @KatzAnton, CEO and Co-Founder of Talos #DigitalAssets #FinTech #Crypto #Blockchain

How are institutions preparing for the next phase of digital asset markets? Alfonse Mandese, SVP and Head of Global Revenue at Talos, will join @PrometheumInc Founder and Co-CEO, Aaron Kaplan, in their upcoming webinar for a discussion on the evolving institutional digital asset landscape, including market infrastructure, trading workflows and regulatory considerations shaping the future of the industry. 📍 Breaking New Ground: Crypto Assets in a Brokerage Environment 🗓️ Wednesday, June 3, 2026 ⏰ 12:30 PM – 1:30 PM ET 🎙️ Moderated by: Marc Nichols Register: ow.ly/c4Uu50Z2vhW

Last week, @KatzAnton, CEO and Co-Founder of Talos, shared how institutions are navigating digital asset trading at scale with senior leaders from Tokyo’s financial industry. In a panel discussion titled “From Access to Advantage: What Institutional Adoption of Digital Assets Looks Like in Japan,” Anton, Yo Nakagawa (@MonexgroupInc), Yuya Tanaka (@sblox_official), and moderator Koichi Kano (@QCPgroup) discussed: 🔹 How regulatory clarity and ETF development are accelerating institutional adoption of digital assets in Japan 🔹 Why growing institutional participation is increasing demand for stronger risk management, custody, and governance frameworks 🔹 How liquidity fragmentation across exchanges, OTC desks, and ETF-related flows is increasing the need for more sophisticated execution strategies to manage market impact and improve execution quality Takaaki Miura of Sony Ventures Corporation delivered the welcome remarks. Thank you to all attendees, as well as @JCBA_org, QCP Group, Monex Group, Inc., S.BLOX Inc., and Sony Ventures Corporation, for their support. To learn more about how Talos is empowering institutions in Japan trade, manage, and access digital assets, visit ow.ly/ZvRQ50Z2vqe

In this edition of the Regulatory Roundup by Jon Blankfield: 🇺🇸 Washington advances crypto market structure legislation, but key hurdles remain 🇪🇺 MiCA’s July 1 deadline puts Poland and CASP licensing in focus 🇬🇧 UK stablecoin and tokenization rules move closer to implementation 🇸🇬 Singapore softens its stance on permissionless blockchain exposures ➡️ Read it here: ow.ly/mktP50Z29yZ ➡️ Or subscribe on LinkedIn: ow.ly/mNk350Z29z2 #CryptoRegulation #CryptoCompliance #DigitalAssets

In the latest issue of State of the Network, Research Associate @HCDuschang examines the challenges of adding long-tail assets to crypto benchmarks, diving into inclusion frequency, asset classification and liquidity fragmentation. Key Takeaways: 🔹 The timing of asset inclusion in benchmarks shapes how accurately they represent the market. Staggered reconstitution helps avoid temporarily popular projects but can delay adding tokens that better reflect market performance. 🔹 The variety of products and services a protocol offers can lead to different asset classifications, resulting in different benchmark compositions and risk‑return profiles. 🔹 Tokens with smaller market capitalizations experience greater slippage and more fragmented liquidity across exchanges, making benchmarks that include the long tail more expensive and time‑consuming to replicate. ➡️ Read the full issue: ow.ly/A8Ag50Z1A2R

In the latest issue of State of the Network, Senior Research Associate @TanayVed unpacks Coinbase’s Q1 2026 earnings through the lens of underlying market and on-chain data, with additional insights from a conversation with @Coinbase CBO @ShanAggarwal. Key Takeaways: 🔹 Trading market share: Reached an all-time high in crypto trading volume market share across both spot and derivatives. 🔹 USDC on Platform: Average USDC held in Coinbase products hit a new ATH of $19B, with over 25% of all USDC in circulation. 🔹 Everything Exchange: Early traction in new verticals with retail derivatives passing $200M annualized revenue. Prediction markets reached $100M annualized in just their second full month live. ➡️ Read the full issue: ow.ly/qTze50YYems

IMC has joined the Talos Provider Network, bringing institutional-grade digital asset liquidity to Talos clients. Through this integration, clients can access IMC’s pricing across 100+ tokens and trade directly within their existing Talos workflows, without setting up new connections. 🎙️ "As institutional participation in digital asset markets deepens, having a reliable, technology-driven liquidity partner accessible through a trusted platform is increasingly important," said Alex Casimo, Chief Commercial Officer, @IMCTrading. 🎙️ “IMC’s addition to the Talos Provider Network reflects the continued evolution of institutional digital asset markets,” said Daniel Packham, VP and Head of Provider Network at Talos. ➡️ Read more on our Insights Page: ow.ly/y14m50YVGwR

In this edition of Regulatory Roundup by Jon Blankfield: 🇺🇸 Market structure progresses as tokenization goes live 🇬🇧 London tightens the crypto perimeter 🇭🇰 Hong Kong opens secondary markets for tokenized funds 🇧🇷 Brazil redraws the path for stablecoin flows ➡️ Read it here: ow.ly/2WPo50YVuzb ➡️ Or subscribe on LinkedIn: ow.ly/hvlp50YVuBc #CryptoRegulation #CryptoCompliance #DigitalAssets

Netcoins has integrated with Talos, enhancing its trading infrastructure and expanding access to institutional-grade execution and liquidity. The integration enables advanced trading capabilities, including smart order routing, multi-venue connectivity and improved pricing across a broader set of digital assets. 🎙️ "Partnering with Talos represents a meaningful step forward in the evolution of our trading infrastructure,” said Kim Dwyer, COO of @Netcoins.  🎙️ “We are pleased to be working with Netcoins as the firm scales its digital assets product suite,” said Kyle Downey, Head of Product Strategy at Talos. ➡️ Read more on our Insights Page: ow.ly/3lcz50YV0Jn

In the latest issue of State of the Network, Senior Research Associate @TanayVed breaks down quantum computing's risks to blockchain cryptography, focusing on Bitcoin’s exposure, the debate over dormant coins and how Ethereum and Solana are approaching post-quantum readiness. Key Takeaways: 🔹 Quantum computers do not currently pose a challenge to blockchain cryptography, but recent progress has compressed timelines and moved the industry towards active preparation. 🔹 Roughly 6.9M BTC is estimated to be quantum exposed due to legacy address types and key reuse, with ~1.7M BTC (9% of supply) sitting dormant in Satoshi-era coins that cannot easily migrate. 🔹 Quantum risk varies across blockchains due to address structures, signature schemes, and consensus models, with ecosystems progressing on proposals and post-quantum roadmaps to adopt new signature schemes. ➡️ Read the full issue: ow.ly/vQN650YV1qR

Excited to share that @Bitstamp by Robinhood has expanded its integration with Talos to include crypto derivatives trading, giving institutions unified access to spot and derivatives markets. The integration enables eligible clients to trade both markets through a single workflow, with streamlined order routing and a consolidated view of positions. 🎙️ “Adding derivatives to our integration with Talos gives institutional clients greater flexibility in how they access digital asset markets,” said Nicola White, VP of Institutional Crypto at Robinhood and GM of Bitstamp. ➡️ Read more on our Insights Page: ow.ly/sVWE50YUGGS

Talos is proud to work with @The_DTCC on the launch of the DTC's tokenization service as part of the Industry Working Group announced today. Alongside leading banks, brokers, asset managers and other industry participants, we're working to ensure the infrastructure is ready for institutional participation on day one.  Talos was built to connect institutions to digital asset markets with the reliability of the traditional markets. Learn more ➡️ ow.ly/UMyY50YUzQb

Talos is proud to be part of a broad coalition of digital asset firms, led by @BlockchainAssn and @crypto_council, urging the Senate Banking Committee to advance market structure legislation. Clear, durable rules are essential to protect consumers and support continued U.S. leadership in financial markets. Read more ➡️ ow.ly/OFna50YSQfP

Three enormous conversations are happening in financial markets right now — and most people are treating them as separate. They're not. Crypto as an asset class. Stablecoins rewiring global payments. Equities and fixed income moving on-chain. Same technology. Same direction. Same destination. @KatzAnton goes deep on where all three converge with @SriMisra on alpha un# → ow.ly/R09p50YS4hE

“The partnership between Talos and Nasdaq is really important, providing asset managers with a control and risk framework that brings the integrity and guardrails of the institutional capital markets to digital assets.” – Roland Chai, EVP, Head of Digital Assets at @Nasdaq “Integrity is foundational to the smooth functioning of markets. When you have that, you have more people coming into the market, you have more liquidity and people are able to trade.” – Kyle Downey, VP, Head of Product Strategy at Talos ➡️ Learn more about how Talos and Nasdaq are working to advance tokenized collateral management across traditional and digital asset markets. talos.com/insights/nasda…

In the latest issue of State of the Network, Senior Research Associate @TanayVed provides an overview of key developments that shaped crypto markets over the past month. Key Takeaways: 🔹 Crypto markets extended their recovery in April, with Bitcoin (BTC) rising by ~16% to over $78K. 🔹 April saw the strongest monthly net inflows into spot Bitcoin ETFs since October 2025, while futures positioning leaned short and funding stayed mostly negative. 🔹 Tokenized treasuries are emerging as a core onchain yield and reserve layer, competing with idle stablecoins and higher-risk crypto collateral by offering exposure to short-duration U.S. government debt. ➡️ Read the full issue: ow.ly/t8Z350YR2tS

The Talos team will be at Consensus Miami 2026 next week. Drew Forman (SVP, Head of Strategy), Tim Kwok (Global Head of Sales), Nisarg Shah (Sales Director, Americas), Stephen Kaminsky (Sales Director, Americas), Tommy Davis (Director of Account Management), Luke MacDonald (Sales Lead, Data), and Erik Mohl (Sales Executive) are looking forward to connecting with industry peers and advancing the conversation around what it takes to operate at scale and build resilient trading infrastructure as institutional participation continues to mature. To learn more about how Talos empowers institutions to trade and manage digital assets, reach out in Miami or visit ow.ly/JNyV50YR2ys

Talos SVP and Head of Strategy, Drew Forman, shares how institutions are evaluating derivatives providers, with a focus on regulatory standing, infrastructure quality and execution consistency. Read the feature article by Vivek Shankar in e-Forex magazine: "Trading digital asset derivatives at institutional scale: Infrastructure, execution, and the regulation imperative" ➡️ ow.ly/oRAL50YQvKz 📘 View the full April issue of e-Forex Magazine: ow.ly/gbkY50YQvKy

The divergence in regulatory regimes for ETPs means global institutions can't run a single infrastructure stack across jurisdictions. The US, EU, UK Hong Kong, Japan, South Korea and Australia all differ in ways that compound under operational load: 🔹 Legal structures 🔹 Creation and redemption mechanics 🔹 Custody architectures 🔹 Disclosure regimes Read the analysis of what that means for asset managers ➡️ ow.ly/9ulW50YOpXl Talos was built to solve this problem, with RFQ workflows supporting both cash-settled and in-kind ETP structures, and portfolio and settlement tools that handle multi-token execution and reconciliation across custodians in a single interface. Learn more about Talos for ETF issuers ➡️ ow.ly/4QuJ50YOpXk