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Talos is an institutional-grade digital asset trading technology infrastructure provider. It offers solutions covering the full trade lifecycle—from price discovery and execution to settlement—by connecting liquidity providers, prime brokers, and custodians through a unified platform. Core capabilities include liquidity aggregation, smart order routing, execution algorithms, risk management, and post-trade reconciliation and reporting. It employs an API-first architecture supporting multi-venue connectivity and standardized data models.
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About Talos
Talos is an institutional-grade technology infrastructure provider for digital asset trading. Its platform connects to over 50 exchanges and OTC desks, offering a unified gateway for order routing, smart order execution, and post-trade workflows. The core value proposition is simplifying fragmented market access: instead of building and maintaining custom connectivity to each venue, institutions use Talos to manage liquidity, execution algorithms, and risk controls from a single interface.
The main market pain point Talos addresses is operational inefficiency. Institutional traders face scattered liquidity, inconsistent execution quality, and complex settlement processes across venues. Talos solves this by aggregating liquidity, providing algorithmic execution tools, and standardizing order management, which reduces manual work and improves execution transparency.
In the past six months (2026-02-28 to 2026-08-28), Talos has focused on expanding execution capabilities and venue coverage. Key developments include integrating Kalshi for event contracts, adding a Sniper algorithm for arrival-aware execution, supporting multi-leg strategies for perpetual-to-spot spreads, and enabling block trading via RFQ. The platform also introduced multi-token basket RFQ for ETF creation/redemption workflows and enhanced settlement batching. These updates aim to broaden asset class support and improve execution flexibility for institutional clients.
Founded in 2018 and headquartered in New York, Talos is an institutional-grade digital asset technology infrastructure provider backed by a16z. Its key milestones include:
In 2021, Talos completed a $40 million Series A round led by a16z, with participation from PayPal Ventures and Fidelity Investments, establishing its institutional positioning.
In May 2024, Talos acquired Skolem, a DeFi platform enabling institutions to safely access decentralized markets. This brought on-chain trading, staking, and lending capabilities into Talos' platform, marking a strategic expansion beyond centralized finance.
In January 2026, Talos raised $150 million in a Series B extension, with strategic investors including Robinhood Markets, Sony Innovation Fund, IMC, and QCP. The round valued Talos at approximately $1.5 billion.
In October 2024, Talos announced plans to double its Asia-Pacific workforce within 12 months, reflecting the region's growing revenue contribution and regulatory clarity in Hong Kong, Singapore, and Japan.
These milestones demonstrate Talos' evolution from a trading execution engine to a full lifecycle platform covering data, risk management, DeFi access, and portfolio construction — positioning it as critical infrastructure for institutional digital asset adoption.
Anton Katz (Co-Founder & CEO): Previously Head of Trading Technology at AQR Capital Management, Director of Software at Broadway Technology, and Technical Program Manager at Microsoft. Holds a BSc in Computer Science from MIT. Ethan Feldman (Co-Founder & CTO): Spent 10 years at Broadway Technology as software developer, then co-founded Talos. Holds BA and graduate degrees in Computer Science from Cornell. Kathleen Chase (SVP of Data): Former COO of Coin Metrics, now leads data at Talos after acquisition. Drew Forman (SVP & Head of Strategy): Formerly at Cowen Digital, Hudson Bay Capital, Nomura, and J.P. Morgan, bringing capital markets expertise.