Talos Trading, Backed by BNY Mellon, to Expand APAC Workforce Significantly

Talos Trading, a New York-based crypto trading software provider, is reportedly planning to double its workforce in the Asia-Pacific (APAC) region over the next year, aiming to take advantage of the area’s evolving regulatory landscape.

Samar Sen, head of Talos' APAC division, shared in an interview with Bloomberg that regulatory clarity in markets such as Hong Kong, Singapore, and Japan has positioned Asia as a critical growth area. He emphasized that “Asia punches above its weight in terms of contribution to the bottom line of global digital-asset companies.”

The company’s hiring strategy will prioritize expanding its business development, client services, and product engineering teams, as many of Talos’ top clients by trading volume are based in APAC.

Founded in 2018 by Anton Katz and Ethan Feldman, Talos Trading is currently valued at $1.25 billion. It has attracted funding from several major financial institutions, including General Atlantic, BNY Mellon, Citi, and Wells Fargo Strategic Capital, as well as earlier investments from Andreessen Horowitz and PayPal Ventures.

Talos Trading’s offerings encompass the entire crypto trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, and portfolio management.

The company’s focus on Asia aligns with a broader trend among crypto firms seeking more favorable business conditions in the region. Recently, Worldcoin’s managing director for Europe, Fabian Bodensteiner, noted a strategic shift towards Asia as the company looks for markets more open to innovative technologies.