Anton and Ethan start to build what would become Talos
Talos founders, Anton Katz and Ethan Feldman, decide to set up their own crypto hedge fund and discover something interesting as they investigate the building blocks needed: nearly all infrastructure and tooling in the digital assets market was built for retail. What’s more: liquidity was highly fragmented, connectivity standards were lacking, and the concept of algorithmic best execution was non-existent.
Talos is born
Realizing that their unique expertise would be better spent on building the ultimate institutional trading platform for digital market assets than setting up their own crypto hedge fund, Anton and Ethan created Talos.
Their vision was to build an intuitive system from the ground up, leveraging the latest technology and harnessing the power of blockchains to surpass what could be done in traditional markets. Talos would enable access to the entire digital asset ecosystem via a single entrypoint.
Anton and Ethan get to work on implementing their vision with the help of their first Talos hires: two accomplished engineers and leaders in their field.
Talos connects to the first 10 liquidity providers
Within just over 6 months after its founding, Talos connects to over 10 liquidity providers, including Binance, Coinbase, Cumberland and Galaxy.
The first trade
Less than a year after Talos was founded, the first trade is executed using the platform.
Talos secures venture capital funding
Despite the challenges of 2020, Talos closed its first round of venture capital raising, allowing Talos to grow.
$1B in trade volume processed
Before the year is out, Talos reaches the $1 billion mark in notional of trades executed using its platform.
$10B in trade volume processed
In less than 6 months, Talos manages to grow its total notional trade volume ten fold, hitting $10 billion.
Talos secures Series A funding
After a year of tremendous growth, Talos undergoes its series A funding, led by Andreessen Horowitz and including PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and STEADFAST Capital Ventures where it raised $40 million allowing for further global expansion.
The number of connected providers reaches 25
Talos expands its offering and reaches 25 connected providers in its Provider Network, including Wintermute and DV Chain for liquidity, and Fireblocks for custody.
Weekly volumes hit $1B
The Talos ecosystem hums with activity, reaching weekly volumes of $1 billion in trades flowing through the platform.
APAC office opens in Singapore
With the APAC market becoming increasingly important, Talos opens an office in Singapore.
The ecosystem grows further
Talos offers clients access to over 40 connected providers in its growing ecosystem, inlcuding Binance Futures, Kucoin and Huobi for liqudity, and Copper for custody.
First White Label client
One of Talos’s unique offerings is its White Label solution, allowing clients to offer trading capabilities to their end customers under their own brand. Talos kicks off 2021 with its first White Label client.
Talos reaches 50 employees
With its ethos of hiring world-class talent, Talos expands its team to 50 employees across the US, UK, Cyprus, Singapore and other places around the globe.
Talos’s growth continues to excel with its 50th client onboarded in June.
Talos welcomes its 100th employee
In the space of a year, Talos doubles its workforce from 50 to over 100 employees.
Talos moves into new offices in New York, London and Cyprus
With its expanding team, Talos moves its people into new offices to foster its renowned collaborative culture: one in Flatiron, New York City, one in Oxford Circus, London; and one in Nicosia, Cyprus.
Talos is backed by some of the world’s most sophisticated digital asset investors
With their support, Talos is breaking new ground in the digital asset trading world. These foundations have enabled the business to develop a platform that performs at the level required by the most sophisticated firms.