Paypal-supported crypto company Talos has reportedly been the most recent entity in the crypto sphere to secure unicorn status, achieving a $1.25 billion valuation after the latest fundraising. 

Specifically, Talos has been successful in obtaining $105 million of capital injection via Series B fundraising, spearheaded by the top-tier international growth equity company General Atlantic.

The freshly acquired capital injection will reportedly assist Talos in widening the scope of its institutional-grade digital asset platform, together with fast-tracking the company’s footprint expansion across the Asia-Pacific region and Europe.

The fundraising reportedly witnessed participation from high-profile entities in both the traditional finance and the crypto sphere, including Ken Fox’s private equity company Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, investment establishments such as DRW, and SCB 10x, a crypto trading platform Voyager and others.

“This investment is the latest example of BNY Mellon’s commitment to the future of digital assets,” BNY Mellon’s global FX head Jason Vitale additionally remarked. 

Vitale further added that BNY Mellon has reportedly joined the list of new advisors on Talos’ Strategic Investor Forum, investing efforts in designing institutional solutions catering to the crypto market.

The funding round additionally saw the involvement of current investors from Talos’ $40 Series A round – concluded in May last year – including Andreessen Horowitz, PayPal Ventures, Fidelity Investments, Castle Island Ventures, Illuminate, Notation Capital, and Initialized Capital.

“This funding round represents a major inflection point for the industry. We’ve long heard that “the institutions are coming.” The institutions are nowhere, and we’re extremely proud to be the digital asset trading platform of choice for leading institutions around the world.” Talos co-founder and CEO Anton Katz further remarked.