- Talos strengthens its platform by acquiring Coin Metrics’ blockchain analytics suite.
- The $100M+ deal marks Talos’s largest move amid ongoing institutional crypto expansion.
- Coin Metrics’ data tools will enhance decision-making for asset managers and hedge funds.
Talos, a provider of institutional trading infrastructure for digital assets, has completed the acquisition of blockchain analytics firm Coin Metrics. According to a report on Wednesday, the transaction, valued at over $100 million, enhances Talos’s service capabilities. The structure of the deal, specifically the distribution between cash and equity, has not been officially disclosed by either party.
The acquisition of Coin Metrics would enhance data products, index benchmarks, and analytics tools on the existing Talos platform. Asset managers, hedge funds, and other institutions could make use of those functions by assisting in making informed decisions based on blockchain and market data.
Talos CEO Anton Katz said the acquisition is a response to growing demand from institutional clients. Katz stated that the Institutions are increasingly looking to them to support the entire digital asset investment lifecycle.
Coin Metrics co-founder and CEO Tim Rice emphasized that large-scale adoption of digital assets depends on dependable infrastructure. He noted that risk oversight, reliable data, and transparent systems are crucial to support institutions.
Talos Scales Fast with Its Largest Crypto Deal Yet
This is the largest acquisition Talos has completed to date. Talos expanded its capabilities in 2023 by acquiring D3X Systems, a firm specializing in portfolio analytics. In 2024, it expanded further by acquiring Cloudwall in April and DeFi infrastructure provider Skolem in May. Financial terms for those previous deals remain undisclosed.
Talos has maintained its growth trajectory despite market volatility and ongoing regulatory challenges. Although institutional entry into the digital asset sector has slowed in parts of the U.S., the company has secured major funding and continued expanding its client base.
It raised $40 million in 2021 from an Andreessen Horowitz backed funding round. In 2022, the firm completed a $105 million Series B round led by Stripes, which brought Talos’s valuation to $1.25 billion.
Talos is backed by global financial institutions Citi, PayPal, BNY Mellon, and Wells Fargo’s investment division. This backing reflects increased confidence in the company’s long-term approach to crypto infrastructure.
Related: MoonPay Adds Revolut Pay for One-Click Crypto in Europe
Talos provides connectivity to liquidity sources across both centralized and decentralized networks. It is linked to the main exchanges such as Coinbase, and on-chain protocols like Uniswap. Such integrations facilitate the algorithmic trade and institutionalized trading processes.
The company offers white-label solution as well. This enables brokerages and fintech businesses to provide crypto trading services in their systems. It increases the coverage of Talos and allows partners to tailor their services.
Talos Joins Wave of Major Crypto Mergers Targeting Institutions
Katz stated that Talos is actively engaged with the majority of major financial institutions. He further stated, “I don’t know if there are any large financial institutions left that we are not in conversations with,”
The deal is part of a broader trend of mergers and acquisitions within the digital asset industry. Acquiring Coin Metrics will help Talos provide a more comprehensive solution to the institutions that operate in digital asset markets. Earlier this week, a consortium led by Metaplanet’s CEO initiated talks to acquire a controlling stake in SGA, a software services firm in Japan, with plans to repurpose it for crypto treasury functions.
In May 2025, Robinhood publicly declared its proposed merger with Canadian cryptocurrency acquisition WonderFi on a $179 million deal. In the same month, Web3 solution provider Alchemy reported the acquisition of an NFT start-up, HeyMint, without disclosing acquisition terms.
