General Atlantic leads $105 million funding in crypto trading platform Talos


FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Digital asset trading platform Talos said on Tuesday it has raised $105 million in an early-stage funding round led by U.S. private equity firm General Atlantic, taking the company's valuation to $1.25 billion.

Leading banks such as Citigroup Inc, Wells Fargo & Co's investment arm and BNY Mellon Corp also invested in the Series B round, along with New York City-based global growth investor Stripes and SCB 10X, the venture arm of Thailand's Siam Commercial Bank Pcl.

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