The weather in cryptocurrencies is terrible, the graphics are disturbing and the boring atmosphere continues for almost 3 months. However, cryptocurrency companies can still receive investments because there are financial giants who believe that these days will be left behind. Time will tell whether they are right or not. Robinhood made a big investment today.
Huge Investment in Talos
Robinhood, which has been closely interested in cryptocurrencies for a long time, frequently makes new listings these days. On the other hand, they also invest in companies in this field because of their belief in the potential of crypto. robinhood (HOOD) invested in New York-based crypto company Talos at a valuation of $1.5 billion.
Talos, which launched the expanded series B financing round, raised $105 million in last year’s round. The value of the company increased to 1.25 billion dollars in those days, and with today’s investment, the amount they raised increased to 150 million dollars, and the valuation increased at the same rate.
Talos It offers crypto trading infrastructure to the world’s largest financial companies. In addition to serving hundreds of clients worldwide, the asset managers it works with have total assets under management (AUM) of over $21 trillion. In other words, if it is one of the biggest players that bridges the gap between traditional finance and crypto, and can receive investments even these days, we can say that hopes are not lost on the corporate side.
Perhaps, after a large purge of individual investors, we will see crypto return to its former glory with the help of institutions.
World Giants Are Investing
Although Robinhood comes to the fore, new investors include a16z crypto, BNY and Fidelity Investments There are also giants like. Also on the list are Sony Innovation Fund, IMC, QCP and Karatage. Anton Katz, CEO and co-founder of Talos, said the following about the investment round;
“Of Talos crypto assets We extended our Series B round to accommodate interest from strategic partners who appreciate our role in providing core corporate infrastructure for “At a time when traditional asset classes are increasingly moving digital, these partners wanted to be more closely aligned with our growth.”
Led by General Atlantic in the B series investment round in 2022, BNYCiti (C), Wells Fargo Strategic Capital, and DRW Venture Capital, as well as crypto-focused players such as SCB 10x and LeadBlock Partners, also took part. If you remember the environment of 2022, you can understand why corporates continue to invest in Talos today.
In 2022, cryptocurrencies experienced a great destruction and faith in crypto weakened considerably. Today, as a result of the boring movements that have been going on for months, faith in the market has weakened and especially the number of individual investors is decreasing day by day. You can confirm this from both search, volume and many other metrics. You may not have a magic ball that shows the future, but there must be some reasons why corporates can keep their faith. Time will show who is right.
