Talos, an institution-grade digital asset infrastructure provider backed by PayPal and Andreessen Horowitz (A16Z), has acquired Blockchain DATA provider Coinmetric in a transaction worth more than $100 million.
The acquisition combines Talos’ trading and portfolio management suite with Coin Metrics’ on-chain analytics, historical pricing data sets, and index products. The merged entity offers what Talos describes as the industry’s first fully integrated data and investment management system for crypto assets.
The transaction is intended to serve institutional clients, including hedge funds, banks, broker dealers, and asset managers seeking unified access to execution tools and market intelligence.
The agreement marks the biggest acquisition of Talos using Skolem’s previous purchases for Defi infrastructure, CloudWall for risk management, and D3X from Portfolio Engineering.
The company has raised more than $145 million from investors including Andreessen Horowitz, Paypal, Fidelity, Citi, BNY Mellon and General Atlantic, reaching a valuation of over $1.2 billion.
The deal follows a recent wave of crypto industry consolidation, including this year’s $1.1 billion acquisition of Stripe’s Bridge and Coinbase acquisition.
