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 Talos Trading, a New York-based crypto trading software provider, has announced plans to double its workforce in the Asia-Pacific (APAC) region over the next year.&nbsp;
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In an<a href="https://www.bloomberg.com/news/articles/2024-10-14/a16z-backed-crypto-unicorn-talos-looks-to-double-apac-headcount" rel="noopener noreferrer nofollow"> interview with Bloomberg</a>, Samar Sen, head of Talos’ APAC division, emphasized that increasing regulatory clarity in markets like Hong Kong, Singapore, and Japan positions Asia as a key growth area. 
<blockquote>
 “Asia punches above its weight in terms of contribution to the bottom line of global digital-asset companies,”
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he noted.
Talos is planning to focus on expanding its business development, client services, and product engineering teams through its hiring efforts. This strategic expansion aims to help the company take advantage of the growing market opportunities in addition to the evolving regulatory framework in the region. Sen highlighted that many of the company’s top clients, by trading volume, are based in the APAC region, underscoring the importance of this market.
Founded in 2018 by Anton Katz and Ethan Feldman, Talos Trading secured a valuation of $1.25 billion after a funding round led by General Atlantic. The round included investments from prominent firms such as BNY Mellon, Citi, and Wells Fargo.
Anton Katz, co-founder and CEO of Talos, remarked, 
<blockquote>
 “This funding round marked a pivotal moment for the industry. The institutions were here, and we were proud to be the preferred digital asset trading platform for leading institutions globally.”
</blockquote>
Katz expressed confidence in the future of digital asset infrastructure, predicting that traditional asset classes will eventually transition to this technology.
Talos Trading provides software that covers the full crypto trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, and portfolio management.
This expansion into Asia mirrors similar moves by other crypto companies seeking favourable business environments in the region. Worldcoin, the blockchain-based ID solution founded by Sam Altman, recently<a style="color: #0000ff;" href="https://defi-planet.com/2024/10/worldcoin-targets-asia-pacific-for-growth-executive-cites-greater-innovation-potential-over-europe/#google_vignette" rel="noopener noreferrer nofollow"> announced</a> its shift in focus from Europe to Asia, with Managing Director Fabian Bodensteiner highlighting the region’s openness to innovation and promising market potential.
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The post <a href="https://defi-planet.com/2024/10/talos-trading-targets-expansion-in-asia-pacific-plans-to-double-workforce-in-the-region/" rel="noopener noreferrer nofollow">Talos Trading Targets Expansion in Asia-Pacific; Plans to Double Workforce in the Region</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Talos Trading Targets Expansion in Asia-Pacific; Plans to Double Workforce in the Region

DeFi Planet

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