SEC Sues Texas Man Over $12.3 Million Alleged Crypto Scheme Built on Fake AI Trading Bots
The SEC has filed a lawsuit against Nathan Fuller, a Texas resident, for allegedly defrauding approximately 150 investors out of $12.3 milli...
Talos completed a $45 million Series B extension, bringing the total funding to $150 million and valuing the company at $1.5 billion.
New strategic investors include Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage, alongside returning investors like a16z crypto, BNY, and Fidelity Investments.
The funding will be used to expand Talos's institutional-grade digital asset platform and further its expansion into Europe and the Asia-Pacific region.
Talos reported $27.2 million in revenue in 2023 and $45.5 million in revenue by June 2025, marking significant growth.
Talos provides institutional-grade crypto trading infrastructure, serving hundreds of clients globally, including asset managers representing approximately $21 trillion in assets under management. The company's platform offers liquidity aggregation from exchanges, OTC desks, and prime brokers, equipping institutions with tools for trade execution, risk management, and post-trade settlement through a unified interface or API.
Robinhood's investment in Talos reflects its broader strategy to expand its reach in crypto and blockchain infrastructure. This includes developing its own blockchain network on Arbitrum and rolling out tokenized stock trading and other crypto products in Europe. Talos has also been actively acquiring companies like Coin Metrics, D3X Systems, Cloudwall, and Skolem to bolster its offerings.
Why this matters: The increasing institutional interest in crypto assets necessitates robust and reliable infrastructure. Talos aims to be the go-to operating system for the full digital asset investment lifecycle. The backing from firms like Robinhood and Sony validates this vision, suggesting that the demand for sophisticated crypto trading tools will continue to grow.
Q: What does Talos do?
Talos provides institutional-grade infrastructure for digital asset trading, including liquidity sourcing, trade execution, risk management, and post-trade settlement.
Q: Who are some of Talos's clients?
Talos serves hundreds of clients globally, including traditional finance firms and asset managers representing approximately $21 trillion in AUM.
Talos's successful funding round and strategic partnerships underscore the growing importance of institutional-grade infrastructure in the digital asset space. This trend indicates a maturing market with increasing participation from traditional financial institutions. Key takeaways include:
Institutional interest in crypto is growing, driving demand for robust trading infrastructure.
Talos is positioning itself as a leading provider in this space through strategic acquisitions and partnerships.
Robinhood's investment signals its commitment to expanding its crypto offerings and blockchain infrastructure.
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