Talos

“Talos provides a comprehensive platform for the world’s largest financial institutions to manage the entire digital asset investment lifecycle. For institutions trading digital assets, 24/7 settlement is critical to improving liquidity management and operational efficiency. That’s why we’re excited to join BNY as we look to enable real-time, always-on cash movement.” -- Anton Katz, CEO and Co-Founder of Talos ➡️ Learn more: https://ow.ly/jiaU50XU2FR

We’ve expanded our Coin Metrics derivatives data with the introduction of implied volatility surface metrics for crypto options. These metrics standardize fragmented options data into consistent volatility timeseries across maturities and deltas. This allows users to analyze volatility, skew and term structure without tracking individual option contracts as they change over time. Learn more about implied volatility surface metrics and how they fit into Talos’s Coin Metrics Market Data offering: https://lnkd.in/ghsfyUbE

In the last quarter of 2025, Talos continued to deliver the sophistication of traditional finance to digital assets with research leading to a model for calculating market impact in crypto trading, new algorithmic trading tools and an RFQ platform that creates marketplaces for many types of OTC workflows. ➡️ Read the full Q4 recap: https://ow.ly/HRMY50XSCSy 🔹 News 🔹 Product updates 🔹 Case studies 🔹 Research, analyses & articles 🔹 Discussions & appearances 🔹 Awards & recognition #DigitalAssets #InstitutionalAdoption

Market impact remains one of the least well-understood costs in digital assets execution, especially for longer-duration or lower-participation institutional orders. In this research paper, one of 12 chosen for publishing in the 2025 Crypto Valley Association Research Journal, Eliad Hoch, Head of Quantitative Execution Services at Talos, presents an empirical market impact model built on proprietary high-frequency execution data, covering more than 50,000 parent orders and 50 million child orders across spot and perpetual markets. The framework decomposes execution costs into three distinct components: spread, temporary impact and time risk. ➡️ Download the full research paper here: https://ow.ly/wwGg50XNP3h Happy Holiday Reading.

❄️ Season's Greetings from Team Talos ❄️ As we close out 2025 and head into the holiday season, we wanted to take a moment to say thank you and to reflect on a year of tremendous progress at Talos. From major strategic milestones like the acquisition of Coin Metrics, to significant platform enhancements, 2025 was a defining year in our mission to build the premier end-to-end platform that supports the institutional investment lifecycle for digital assets. We’re grateful to our clients, partners, investors and the entire Talos team for their ongoing trust, collaboration and commitment this year. 👉 Read our full 2025 Season’s Greetings and year in review here: https://ow.ly/oooL50XN0lN

Talos is growing. Join us. Institutions are accelerating their digital asset strategies, and they rely on Talos to power trading, connectivity, portfolio management and data access with the performance and reliability they expect in global markets. As the industry evolves, so does our team. We’re hiring across several functions and locations: ➡️ Senior Manager, People Team — London ➡️ Corporate Strategy Manager — New York ➡️ Software Engineer, Front End — New York ➡️ Software Engineer, Trading Connectivity — Singapore ➡️ Client Services Engineer — London ➡️ Client Services Engineer — New York ➡️ Director, FP&A — New York ➡️ Senior Counsel, EMEA — London ➡️ Sales Director, APAC — Hong Kong Talos brings together people who solve complex challenges and are excited about building for a future where all assets will be digital assets. If that sounds like you, we’d love to connect. View all open roles here: https://ow.ly/ZQz050XLBKP

2025 has been a banner year for institutional adoption. Talos CEO Anton Katz explains why adoption has accelerated and what we've seen among large traditional financial institutions. ➡️ Watch the full interview with Bruce Morris, CEO of TABB Group in a recent episode of TabbFORUM's Market Structure Wave. https://ow.ly/xpRY50XKEXf

How did regulatory clarity, ETFs and digital asset treasuries reshape crypto markets in 2025? What role did stablecoins and on-chain fundamentals play beneath the surface? In Talos and FactSet's joint 2025 End-of-Year Report, powered by Coin Metrics data, Sydney Rice, Tanay Ved, Sean Ryan and Michele Lieber analyze the policy milestones, capital market flows and on-chain dynamics that defined crypto’s transition toward mainstream financial infrastructure. From the GENIUS Act and spot ETFs to corporate treasury adoption and stablecoin-driven dollar distribution, the report offers a data-driven view of how market structure evolved over the year. Read the full report: https://lnkd.in/g7_YUj3v

In this edition of Regulatory Round up by Jon Blankfield: 🇪🇺 Brussels moves to put all CASPs under ESMA 🇺🇸 Senate negotiations on crypto market rules hit a year-end wall 🇺🇸 OCC gives national banks clearer cover for riskless-principal crypto trades 🇵🇱 Poland’s MiCA rollout stalls after presidential veto And more... ➡️ Also available on our Insights page: https://ow.ly/9FUY50XIvkR #CryptoRegulation #CryptoCompliance #DigitalAssets