Cryptocurrency exchange Talos raises $45 million, with Robinhood, a16z, and others participating.

PANews reported on January 29th, citing CoinDesk, that Robinhood participated in the Series B extension funding round for crypto trading platform Talos, valuing the platform at approximately $1.5 billion. Talos focuses on providing crypto trading infrastructure to global institutions, serving clients with approximately $21 trillion in assets under management. This $45 million extension round also attracted new strategic investors including Sony Innovation Fund, IMC, QCP, and Karatage, while existing investors a16z crypto, BNY, and Fidelity Investments also joined the investment.

Robinhood stated that Talos's flexibility and rapid adaptability will further enhance the liquidity and functionality of its crypto business.

Previously, Talos announced a partnership with Uniswap Labs and Fireblocks to provide DeFi liquidity for institutional investors .