Crypto software provider Talos Trading is reportedly set to double its workforce in the Asia-Pacific region, capitalizing on the area’s regulatory landscape.
Talos Trading, a crypto trading software provider based in New York, is set to double its workforce in the Asia-Pacific region over the next year in a bid to capitalize on the area’s evolving regulatory framework.
Samar Sen, head of Talos’ APAC division, told Bloomberg in an interview that Asia‘s regulatory clarity in markets like Hong Kong, Singapore, and Japan has made it a key growth area, noting that “Asia punches above its weight in terms of contribution to the bottom line of global digital-asset companies.”
He also added that the company’s hiring initiative will focus on expanding business development, client services, and product and engineering teams as “many of Talos’ top clients, by trading volume, are APAC-based firms.”
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Founded in 2018 by Anton Katz and Ethan Feldman, Talos Trading — which is now valued at $1.25 billion — secured funding from multiple financial giants such as General Atlantic, BNY Mellon, Citi, and Wells Fargo Strategic Capital, with earlier backing from Andreessen Horowitz and PayPal Ventures.
The company centers its business on its software, which leverages the full crypto trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, and portfolio management.
The company’s focus on Asia aligns with trends among other crypto giants seeking a more favorable business environment in the region. As crypto.news reported earlier, Worldcoin’s managing director for Europe, Fabian Bodensteiner, indicated a shift in the company’s focus from Europe to Asia in pursuit of markets more receptive to innovative technologies.
Read more: Crypto’s new epicenter: Asia’s rising influence
