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

Execution quality is where performance can be won or lost, especially in order-book crypto markets. In this excerpt from the Talos Quant Forum, Head of Quant Execution Services Eliad Hoch breaks down the building blocks for combatting slippage. 📈 Execution alphas: systematic signals that help forecast intraday market conditions 📈 The Talos Market Impact Model: an empirically calibrated framework for estimating expected execution quality ➡️ Watch the video and read the summary: ow.ly/UZcO50YwyYi #MarketImpact #CryptoMarkets #CryptoTrading

Talos expands its RFQ platform into OTC derivatives by connecting to FalconX's electronic OTC options liquidity. Institutional clients can now request quotes for crypto options from @FalconXGlobal and access their principal liquidity through RFQ trading workflows on the Talos platform. 🎙️ “Electronic access to OTC derivatives is an important step in the evolution of institutional digital asset markets. Our integration with Talos expands how institutions connect to derivatives liquidity in crypto markets.” — @joshua_j_lim, Global Co-Head of Markets at FalconX 🎙️ “FalconX has established itself as a key liquidity provider in institutional crypto markets. Integrating their derivatives offering into Talos RFQ workflows expands the tools available to our clients as digital asset trading strategies continue to evolve.” — Daniel Packham, VP and Head of Provider Network at Talos ➡️ Read the full announcement: ow.ly/HoGL50YvZxh #CryptoDerivatives #CryptoOptions #DigitalAssets #RFQ

As the market evolves toward multi-token ETFs, the execution challenges in the create/redeem workflow become substantially more complex. In this latest article, Talos Commercial Product Manager Thomas Kennedy outlines the challenges: ⚠️ Liquidity providers must price spreads across multiple tokens simultaneously ⚠️ Illiquid constituents can quietly drive the cost of the basket ⚠️ Issuers need per-token visibility even when execution is all-or-nothing ⚠️ Settlement can involve multiple blockchains, custodians and timelines The complexity is real, but manageable with the right platform. ➡️. Read the full analysis: ow.ly/7wgY50YvBMz #MultiTokenETF #ETFs #DigitalAssets

In the latest issue of State of the Network, Senior Research Associate @TanayVed breaks down how a $50M swap lost nearly all its value, and what it reveals about executing large trades onchain. Key Takeaways: 🔹 A $50M USDT swap via Aave’s interface ended with only ~$36K of AAVE after routing across multiple DeFi venues in a single block. 🔹 The trade was ultimately routed into a SushiSwap WETH/AAVE pool with only ~$75K in liquidity, causing extreme price impact and leaving millions to surrounding MEV. 🔹 The incident shows how large orders, shallow onchain liquidity, and routing failures can lead to poor execution, highlighting the need for stronger guardrails and smarter routing in permissionless markets. ➡️ Read the full issue: ow.ly/ZTYP50YvgYI

Why is RFQ essential in institutional crypto markets? Because not every institutional trade belongs on a public order book. In our latest article, we explore: 🔹 Why RFQ is a core execution mode in traditional capital markets 🔹 Why the RFQ model is increasingly important in digital assets 🔹 How the Talos RFQ platform supports spot block and OTC derivatives trading, as well as ETF create/redeem workflows ➡️ Read the article: ow.ly/ZKg050Yun4T #OTCTrading #InstitutionalCrypto #RFQ #BlockTrading

Talos is honored to be shortlisted in 12 categories across the Hedgeweek Global Digital Assets Awards and Hedgeweek European Awards. The nominations recognize Talos's leadership in institutional digital asset technology for trading, portfolio management, infrastructure, data and research. Winners will be determined based on a combination of voting results and the quality of their submissions. Voting closes on Friday, April 3, 2026 at midnight GMT. We appreciate your continued support. Thank you for your vote. Thank you @Hedgeweek for the nominations. Find out more here: ow.ly/75ov50Ytelq

In this edition of the Regulatory Roundup by Jon Blankfield: 🏦 Kraken plugs into Fedwire as banks dig in on CLARITY 🇺🇸 Treasury softens on mixers as SEC advances token taxonomy 🇪🇺 MiCA’s July cliff looms as Brussels debates ESMA power 🇭🇰 Hong Kong prepares to issue its first stablecoin licenses ➡️ Read it here: ow.ly/vVT350Ys0Ek ➡️ Or subscribe on LinkedIn: ow.ly/auNN50Ys0Ej #CryptoRegulation #CryptoCompliance #DigitalAssets

Virtu Financial, a leading principal market maker in global traditional markets, has joined the Talos provider network, streaming spot digital asset liquidity to institutional clients. ➡️ Read the announcement: ow.ly/jVnF50Ys1S4 🎙️ “Our success in traditional markets means we understand genuine partnership and pricing stability. With Talos's institutional reach, we are bringing that reliability in OTC pricing to the crypto spot markets.” -- Scotte Moegling, Head of Business Development for Digital Assets at @VirtuFinancial 🎙️ “By integrating with established market makers like Virtu, Talos is bridging TradFi and crypto markets while broadening the range of liquidity available to our clients.” -- Daniel Packham, VP and Head of Provider Network at Talos

In the latest issue of State of the Network, Senior Research Associate @TanayVed examines onchain activity across tokenized gold products such as PAXG and XAUT, as well as Hyperliquid’s HIP‑3 perpetual futures contracts on commodities and equities, to understand how 24/7 markets absorb and reflect geopolitical stress. Key Takeaways: 🔹 Bitcoin has remained resilient in the face of escalating geopolitical tensions, rising roughly 7% since the February 28th shock. 🔹 Tokenized gold products such as PAXG and XAUT saw elevated usage as investors sought gold exposure both onchain and on exchanges. 🔹 Hyperliquid’s HIP‑3 perpetual futures emerged as a 24/7 barometer for macro risk, with metals, energy, and equity perpetuals accounting for a meaningful share of overall volume and open interest. 🔹 Oil futures on Hyperliquid repriced the supply shock, illustrating how onchain rails can lead price discovery when traditional markets are shut. ➡️ Read the full issue: ow.ly/JCgz50YrMpg

Talos's Head of APAC Sales Pamela Lee was named Startup Professional of the Year at WatersTechnology's Women in Technology & Data Awards 2026. The awards recognize exceptional female talent across the capital markets. In honor of International Women's Day, as part of a WatersTechnology interview, Pamela shared her insights on institutional digital asset growth, scaling operations in a culturally diverse region, leadership in emerging markets, mentorship, and building confidence. Read the highlights here: ow.ly/WMYH50YrlbX Talos wishes all women Happy International Women's Day and congratulates all the winners of the Women in Technology & Data Awards 2026. Full list here: ow.ly/bgVh50YrlbY

It’s always great to be back at @Cornell for our CTO Ethan Feldman and Engineer Zachary Shine. During this Talos TechTalk, Ethan and Zack shared how we design institutional grade trading infrastructure that must be low latency, handle peak bursts of activity, and run 24/7 with no downtime — because crypto markets never sleep. The talk focused on our sequencer based architecture and how building services as replicated state machines enables us to build systems that combine performance, determinism, and fault tolerance. Enjoy this stuff? We’re hiring ➡️ ow.ly/2MYs50YpS3A #SoftwareEngineering #InstitutionalTrading #WereHiring

On this day, we thought we would reveal the real secret behind Talos's technology. Employee Appreciation Day is a good reminder that institutional digital assets technology and infrastructure is ultimately a people business. Thank you to all our people who show up for clients, for each other and for the mission of enabling institutional adoption around the world. #EmployeeAppreciation

Talos now supports @xStocksFi tokenized equities enabling eligible institutional clients to route orders to the @krakenfx exchange. In parallel, our Coin Metrics Prices coverage has been expanded to include xStocks. ➡️ Read the announcement: ow.ly/SwV550YmcIT The integration helps accelerate the adoption of xStocks across the digital asset ecosystem. 🎙️ “Through Talos’s global network of exchanges, liquidity providers and platforms, we’re making it more seamless for institutions to deliver always-on tokenized equities to investors across the world.” -- Val Gui, General Manager at xStocks 🎙️ “At Talos, we believe that all assets will transition to digital assets. By supporting xStocks for trading and data, we are building for a future where institutions can interact with digital assets in a unified way.” -- Daniel Packham, VP and Head of Provider Network at Talos. *xStocks are not offered or sold to US persons or within the US and may not be available in all jurisdictions. #TokenizedEquities #DigitalAssets #Tokenization

Talos’s Global Head of Sales Tim Kwok and Americas Sales Director Nisarg Shah will be in Brazil for MERGE São Paulo from March 17–19. The Talos team is looking forward to connecting with the institutional digital assets community and discussing the shifts in institutional crypto adoption in the region. Reach out to connect at sales@talos.com At Talos, we're proud to support financial institutions in Latin America with the infrastructure they need to offer digital assets to their customers. Learn more at ow.ly/uS1150YpJ0w

In our latest Special Insights report, Research Analyst @HCDuschang deep dives into @Aave, dissecting its lending architecture, interest rate design, governance model and the role of GHO to understand how on-chain liquidity is transformed into yield. From utilization curves and reserve factors to modular liquidity in v4, the report breaks down the mechanics driving protocol revenue and long-term value capture. ➡️ Read more: ow.ly/LiCf50Yp6EF

Talos Global Head of Compliance and Regulatory Strategy Josh Peschko, APAC Sales Director Rashu Jindel, and APAC Director of Account Management Karan Dalwani will be in Australia next week from March 9-13. Talos is proud to support BlockchainAPAC Policy Week 2026. As part of the week's activities, the Talos team will host a roundtable, “From Market Hours to Market Continuity: Institutional Trading in Digital Assets”, in Sydney on March 11 from 12-2pm. The roundtable will cover: 🔹 ​What “institutional-grade execution” and managing risk actually mean in 24/7 markets with fragmented liquidity ​🔹 How firms think about best execution without a consolidated tape ​🔹 The role of pricing quality, TCA, and real-time controls in reducing operational and market risk ​🔹 Cross-border execution challenges and operating models that work Register for the roundtable at: ow.ly/bTe950YoW1R Thank you Steve Vallas and Richelle Cox for the invitation.