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General Atlantic Invests in Digital Asset Trading Technology Company Talos

Paul, Weiss advised General Atlantic as lead investor in a $105 million Series B funding round in Talos, a provider of institutional digital asset trading technology, which values the company at $1.25 billion. The round was led by General Atlantic with participation from veteran investors from the traditional finance and digital asset spaces and new investors, including Stripes, BNY Mellon, Citi and Wells Fargo Strategic Capital, among others.

Talos intends to leverage this capital to scale and diversify its institutional-grade digital asset platform that powers both buy-side and sell-side firms. Talos also intends to leverage the funding to further expand its world-class team across the globe, which has grown by over 400% during the past year.

The Paul, Weiss team included corporate partners Matthew Abbott, Cullen Sinclair and Manuel Frey and counsel Hilary Christian; tax partner Robert Killip; executive compensation partner Jarrett Hoffman; litigation partners Jessica Carey and Roberto Gonzalez and counsel Peter Jaffe, Steven Herzog and Rachel Fiorill; intellectual property partner Jonathan Ashtor; and antitrust counsel Marta Kelly.

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