Share this article
Talos Raises $40M Series A Funding From a16z, PayPal, Fidelity
Talos' services include liquidity access, direct market access, price discovery, automated execution, reporting, clearing and settlement.
Updated Sep 14, 2021, 1:03 p.m. Published May 27, 2021, 1:59 p.m.
Crypto trading engineering firm Talos raised $40 million in Series A funding led by Andreessen Horowitz (a16z), with PayPal Ventures, Fidelity Investments and others also taking part.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The New York-based firm, founded in 2018, provides technology that supports digital asset trading to financial institutions.
- Its services include liquidity access, direct market access, price discovery, automated execution, reporting, clearing and settlement.
- The fintech announced the funding round Thursday and will use the capital to build out the "institutional-grade infrastructure our clients demand," CTO Ethan Feldman said.
- Justin Schmidt, the former head of digital asset markets at Goldman Sachs, joined Talos as head of strategy in April.
Read more: A16z to Launch $1B Crypto Venture Fund
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
