Robinhood Invests in Crypto Trading Platform Talos, Valuation Reaches $1.5 Billion

Odaily News Robinhood (HOOD) announced its participation in the Series B extension financing round for crypto trading infrastructure provider Talos. This funding round raised $45 million, bringing Talos's total Series B funding to $150 million and elevating the company's valuation to approximately $1.5 billion. New strategic investors include Sony Innovation Fund, IMC, QCP, and Karatage, while existing shareholders a16z crypto, BNY, and Fidelity Investments continued their participation.

Talos primarily provides crypto trading lifecycle technology for institutional investors and banks, serving a combined asset management scale of around $21 trillion. This funding will support Talos in deepening its blockchain strategy and M&A expansion. Previously, Talos has successively acquired Cloudwall (risk management), Skolem (institutional-grade DeFi), D3X Systems (portfolio construction), and Coin Metrics, valued at over $100 million.