Robinhood Backs Crypto Infrastructure Play Talos in $150M Series B Extension

Robinhood Markets has taken a strategic stake in institutional trading rail Talos, joining a $45 million Series B extension that values the infrastructure provider at approximately $1.5 billion. The announcement brings the round’s total funding to $150 million, signaling a push by major fintech players to secure the plumbing of the digital asset market.

The Capital Stack

The fresh capital injection adds Robinhood, Sony Innovation Fund, and crypto-native trading firms IMC and QCP to the cap table. They join existing heavyweights a16z crypto, BNY, and Fidelity Investments. Notably, a portion of the deal was settled in stablecoins, a functional demonstration of the blockchain rails the company services.

Talos CEO Anton Katz noted the extension was driven by demand from partners looking to align with the platform’s growth. “We extended our Series B round to accommodate interest from strategic partners who recognize Talos’s role in providing core institutional infrastructure,” Katz said.

Talos’s flexibility and rapid adaptability allow us to deepen our liquidity and deliver even more advanced features to Robinhood Crypto customers. Johann Kerbrat, GM of Robinhood Crypto

Liquidity & Scale

For Robinhood (HOOD), which traded flat at $106.31 following the news, the investment is a vertical integration play. By backing Talos, the retail brokerage cements its access to the aggregated liquidity required to service its expanding crypto order flow.

Talos reports it has doubled both revenue and client count annually over the last two years. The platform now services asset managers representing roughly $21 trillion in AUM, connecting them to liquidity across exchanges, OTC desks, and market makers.