May 10,  2022

Wells Fargo, Citigroup invest in crypto tech firm Talos.

Crypto trading infrastructure firm Talos raised $105 million in a Series B round. 

Citigroup, Wells Fargo, BNY Mellon, Stripes and several other big names invested in the crypto tech firm. 

Andreessen Horowitz, PayPal Ventures, Castle Island Ventures and Fidelity Investments also joined the second round to bring Talos's valuation to $1.25 billion.

Talos, founded in 2018, provides technology to support crypto trading for financial institutions.

Talos had raised over $40 million in Series A funding round in 2021.

The crypto tech firm plans to use the raised funds to expand its presence worldwide. 

Such prominent financial institutions investing in a crypto tech firm clearly shows their heightened interest in the crypto industry.