Talos Trading Inc. is planning to hire new employees to increase its headcount in the Asia-Pacific (APAC) region. The software company will execute the plan within the upcoming 12 months.
The company will focus on adding new people to many departments including business development, customer service, engineering, and product-related roles.
Talos is a software as a service (SaaS) company that provides institutional investing technology to many clients including banks, OTC dealers, market makers, crypto-native hedge funds, and more.
The firm’s APAC head, Samar Sen, said, “Asia punches above its weight in terms of contribution to the bottomline of global digital-asset companies. Many of Talos’ top clients, by trading volume, are Apac-based firms.”
He explained that the APAC region has many crypto early adopters, especially in the derivatives space, where Asian traders are more sophisticated compared to those in Europe and the US.
Talos is backed by a16z
Talos Trading was founded in 2018 and after a couple of years, Andreessen Horowitz (a16z) led Talos’s series A funding round. PayPal Ventures and Fidelity Investments joined as well, raising an investment of $40 million.
The last investment round was in 2022. The company raised $105 million from many investors, including General Atlantic, Citi, and Wells Fargo Strategic Capital. During that round, Talos was valued at $1.25 billion.
In 2021, the New York-based company expanded and opened an office in Singapore after realizing the importance of the APAC region. The company has offices in London and Cyprus as well.
As of 2023, Talos has expanded its provider network by completing 60 integrations. The provider network includes Binance, ByBit, OKX, Uniswap, and many more.
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