Talos, an institution-grade digital asset infrastructure supplier backed by PayPal and Andreessen Horowitz (A16Z), has acquired Blockchain DATA supplier Coinmetric in a transaction value greater than $100 million.
The acquisition combines Talos' buying and selling and portfolio administration suite with Coin Metrics' on-chain analytics, historic pricing information units, and index merchandise. The merged entity affords what Talos describes because the trade's first absolutely built-in information and funding administration system for crypto belongings.
The transaction is meant to serve institutional purchasers, together with hedge funds, banks, dealer sellers, and asset managers searching for unified entry to execution instruments and market intelligence.
The settlement marks the most important acquisition of Talos utilizing Skolem's earlier purchases for Defi infrastructure, CloudWall for danger administration, and D3X from Portfolio Engineering.
The corporate has raised greater than $145 million from buyers together with Andreessen Horowitz, Paypal, Constancy, Citi, BNY Mellon and Common Atlantic, reaching a valuation of over $1.2 billion.
The deal follows a latest wave of crypto trade consolidation, together with this yr's $1.1 billion acquisition of Stripe's Bridge and Coinbase acquisition.
