THAILAND — May 19 2022 — SCB 10X (https://scb10x.com/), the venture investment arm of SCBX Group, announced today that it participated in the $105 million Series B round raised by Talos (https://talos.com/), the premier provider of institutional digital asset trading technology. This new injection of capital, which values Talos at $1.25 billion, was led by global growth equity firm General Atlantic with participation from SCB 10X and additional investors that include BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW, Matrix, Fin Cap and Voyager.
"Infrastructure plays the most important role in enabling future innovations. Talos’ crypto Order Management and Execution System is designed to meet the needs of hedge funds, asset managers, banks, brokers & dealers, prime brokers, and other service providers. It provides comprehensive crypto trading infrastructure technology for institutions to manage the full trade life cycle, from price discovery to execution, through to clearing & settlement." said Mukaya (Tai) Panich, Chief Investment Officer of SCB 10X. "The transformation that the financial sector is undergoing can't be ignored. We are bullish about the huge role that Talos plays in mainstreaming institutional adoption and are excited to support the team in this next phase of their growth."
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