Talos will collaborate with leading fund administrator, Formidium to integrate the latter’s digital asset accounting platform, according to a press release on Jan. 18.
Talos, a provider of institutional-grade digital assets trading infrastructure, has announced integrating Formidium’s back-office platform called ‘Seamless Digital’ into its institutional digital asset investors protocol.
The integration will facilitate access to Formidium’s advanced crypto assets and tax accounting platform via Talos’ cutting-edge trading system and enhance the general adoption of bitcoin (BTC) and other cryptocurrencies.
Speaking to reporters about the new partnership, Anton Katz, co-founder and CEO of Talos, said:
“[This] integration further strengthens our all-in-one institutional platform to support the complete trade lifecycle.”
Anton Katz, co-founder and CEO of Talos
Institutional investors in the Talos ecosystem will now have full access to Seamless Digital. They will be able to manage fund administration and tax accounting processes automatically, saving time and ensuring all accurate data are correctly managed.
Users of the Talos platform will be exposed to the digital assets ledger accounting systems, which is undoubtedly a necessary service in the rapidly evolving Web3 space.
Talos has been scaling operations since last year, following a hugely successful $100 million Series B fundraiser.