Talos, a crypto trading software provider and unicorn backed by heavyweights including Citibank and Andreessen Horowitz , has acquired Skolem, which offers a DeFi-access platform.
"This acquisition helps Talos expand our on-chain capabilities and provide clients with access to additional DeFi liquidity pools as well as expand our PMS offering to include DeFi services," Talos co-founder and CEO Anton Katz told The Block. Founded in 2020, Skolem provides a platform for institutional investors to access DeFi markets, including trading, staking, lending and liquidity provisioning on DeFi protocols. Katz said the Skolem platform will be "fully integrated" into Talos as part of the acquisition.Talos and Skolem first met in 2022 and started working together shortly after, Katz said.
Based in New York, Skolem appears to have a headcount of up to 50 people, according to its LinkedIn page. Katz declined to comment on Skolem's specific headcount or whether its staff will join Talos as part of the deal.Talos' acquisition of Skolem is its third and comes just a month after it acquired Cloudwall, a crypto risk management platform. Last year, Talos also acquired D3X Systems to expand its pre-trade capabilities.
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