Talos partners with Formidium to expand digital asset management

According to a January 18 press release, Talos will collaborate with leading fund administrator, Formidium, to integrate the latter’s digital asset accounting platform.

Talos, the provider of institutional-grade digital asset trading infrastructure, has announced the integration of Formidium’s back office platform into its institutional digital asset investor protocol called ‘Seamless Digital’.

The integration will facilitate access to tax accounting platforms through Formidium’s innovative crypto assets and Talos’ innovative trading system and increase Bitcoin adoption.BTC) and other cryptocurrencies.

Speaking to reporters about the new PartnershipAnton Katz, co-founder and CEO of Talos, said:

“[This] The integration further strengthens our all-in-one institutional platform to support the complete trading 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 automate fund administration and tax accounting processes, saving time and ensuring all correct data is managed correctly.

Users of the Talos platform will be exposed to ledger accounting systems for digital assets, which is undoubtedly an essential service in the rapidly evolving Web3 space.

Talos has been scaling operations since last year after massive success. $100 million Series B Fundraiser.

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