3 hours ago
1
The move aims to deliver an all-in-one solution for institutional investors by combining trading capabilities with advanced on-chain analytics.
Key Takeaways
- Talos has acquired Coin Metrics in a deal worth more than $100 million, aiming to offer the first fully integrated crypto data and investment-management system.
- The acquisition targets institutional clients seeking unified access to crypto execution tools and market intelligence.
Talos, a provider of institutional-grade digital asset infrastructure backed by PayPal and Andreessen Horowitz (a16z), has acquired blockchain-data provider Coin Metrics in a deal valued at more than $100 million, Fortune reported Wednesday, citing a source familiar with the transaction.
The acquisition combines Talos’ trading and portfolio-management suite with Coin Metrics’ on-chain analytics, historical pricing datasets, and index products. The merged entity will offer what Talos describes as the industry’s first fully integrated data and investment-management system for crypto assets.
The deal aims to serve institutional clients, including hedge funds, banks, broker-dealers, and asset managers seeking unified access to execution tools and market intelligence.
The deal marks Talos’ largest acquisition to date, following previous purchases of Skolem for DeFi infrastructure, Cloudwall for risk management, and D3X for portfolio engineering.
The company has raised over $145 million from investors including Andreessen Horowitz, PayPal, Fidelity, Citi, BNY Mellon, and General Atlantic, reaching a valuation of over $1.2 billion.
The transaction follows a recent wave of crypto industry consolidation, including Stripe’s $1.1 billion acquisition of Bridge and Coinbase’s acquisitions this year — the $2.9 billion purchase of Deribit and the acquisition of token management platform Liquifi.
Disclaimer
English (US) · 