Talos integrates crypto liquidity from Amber Group’s WhaleFin

Rick Steves

Talos has welcomed Amber Group to its partner network of over 40 liquidity venues that includes leading exchanges such as Binance, Coinbase, and FTX, as well as top OTCs & market-markers.

The platform caters to large and sophisticated market participants and their end clients and provides a trading platform, lending marketplace, data and analytics, and portfolio and settlement tools. These are all offered directly or through service providers on a white-label basis.

Through Talos, clients can transact end-to-end without concern for unnecessary intermediary risk or potential conflicts of interest.

Talos adds liquidty from WhaleFin as part of APAC expansion

The partnership will integrate the liquidity venue of Amber Group’s flagship digital asset platform, WhaleFin, into Talos’ market-leading institutional trading platform, thus facilitating greater access to Amber Group’s liquidity.

The addition of Amber Grou’s liquidity comes in good timing as Talos continues to expand its business and solidify its presence in Asia Pacific, a region with a booming digital asset industry.

The integration exemplifies the two companies’ commitment to drive institutional adoption of digital assets, and also addresses the growing need for advanced trading solutions required by sophisticated crypto-natives and traditional capital markets firms. The partnership capitalizes on the synergies between Talos’s and Amber Group’s offerings by

Marrying Talos’s end-to-end digital asset trading technology services with Amber Group’s institutional-grade liquidity venue WhaleFin will ultimately benefit the clients that tap into that liquidity, crypto-natives and traditional capital markets firms.

Backed by Paradigm, Dragonfly, Pantera, Polychain, Sequoia and Tiger Global, Amber Group has offices in Asia, Europe, and the Americas and provides digital asset services spanning investing, financing, and trading.

WhaleFin entered Japan and sponsors Atlético Madrid

In February, Amber Group’s subsidiary WhaleFin Japan acquired crypto asset exchange DeCurret Inc. in a move that marks the group’s entry into Japan, having acquired a Crypto-Asset Exchange Service Provider (CAESP) registered with Japan Financial Services Agency (FSA).

DeCurret is one of the 30 registered CAESPs operating in Japan since 2018 and is backed by 35 shareholders including leading Japanese financial institutions and corporations.

The crypto asset exchange pioneered the introduction of an electronic money charge service for crypto-assets and led the industry in making cryptocurrency more accessible to consumers.

The acquisition is expected to catalyze the adoption of digital assets in the country, given the seven-fold growth in crypto deposits in 2021 and Amber’s management of $5 billion worth of digital assets on its platform.

In July, Amber Group became the Official Global and Main Partner of Atlético Madrid in a sponsorship deal that aims to strengthen the brand of the firm’s flagship digital asset platform, WhaleFin.

As part of the sponsorship deal, WhaleFin will benefit from significant branding exposure as it will appear on the front of the team’s game kits. The firm will also be the exclusive Official Digital Wealth and Digital Lifestyle Partner of Atlético de Madrid.

Building institutional confidence in crypto assets

Samar Sen, Head of APAC at Talos, commented: “The premier institutional investors who trade on our platform will always require connectivity to the best liquidity providers in the world. Partnering with Amber Group not only gives them another solid venue to work with, it is a natural extension of our core mission to make it easy for institutions to connect to digital asset markets in a safe, scalable, and familiar way. As the market-leading trading technology provider that powers institutional access to digital assets, we are proud to partner with Amber Group, and support the overall maturation of the digital asset ecosystem.”

“Despite current market conditions, we continue to see increasing adoption of digital assets by institutions on the buy-side and sell-side – their long term views on the potential of digital assets are undiminished, and many of these institutional service providers are using this time to build their product-offerings before the next growth cycle, and based on demand from their end-customers.”

Annabelle Huang, Managing Partner at Amber Group, said: “Client-led demand for institutional-grade, aggregated liquidity providers is indicative of the ongoing evolution of digital assets as a maturing asset class. As we mark a new chapter for the growth of digital assets globally, we are excited to integrate the best of our liquidity offering with like-minded ecosystem peers such as Talos. This partnership lays the foundation for us to continue building institutional confidence in crypto assets through ease of access to Talos’s trusted trading technology and Amber Group’s liquidity offering – all this while complementing our commitment to deliver best-in-class service to our clients, be it via superior block pricing or greater transparency for all.”

Sophia Cui, Product Lead (Connectivity) at Talos, added: “Today’s digital asset traders demand a better experience – one that offers greater security, scalability, reliability, and usability combined with the familiarity of traditional capital markets trading systems. Our partnership with Amber Group will remove the current barriers to entry for institutions, offering them powerful, sophisticated, standardized institutional-grade digital asset trading technology with unparalleled performance that is already seamlessly connected to the liquidity they desire.”

Read this next

Digital Assets

Crypto.com shuts down its US institutional exchange

Crypto.com has announced plans to discontinue its institutional exchange service for professional customers in the United States as soon as June 21.

Retail FX

ThinkMarkets launches copy trading platform ‘ThinkCopy’

Melbourne-based broker, ThinkMarkets has introduced ThinkCopy, a copy trading platform that aims to provide clients with access to experienced traders and a range of social features.

Retail FX

Robinhood delists Solana, Cardano, and Polygon amid SEC’s crackdown

Commission-free brokerage Robinhood Markets announced on Friday that it would be delisting three crypto tokens from its platform. The decision comes shortly after the U.S. regulators intensified its regulatory actions against major cryptocurrency exchanges.

Digital Assets

US wants Bittrex to settle federal dues before compensating customers

The U.S. government has raised objections to Bittrex’s proposal to compensate its customers, adding to concerns about the resolution of the crypto exchange’s bankruptcy case.

Digital Assets

Binance prepares to suspend US dollar funding after SEC crackdown

Binance.US said it will temporarily suspend US dollar deposits and provided customers with a deadline to withdraw their fiat balances. This decision comes after the US Securities and Exchange Commission (SEC) filed a lawsuit requesting the freezing of Binance’s assets in the country.

Digital Assets

Januar launches real-time payments network to fill gap made by Silvergate and Signature

“To all the entrepreneurs and innovators out there is a clear message: if you are a legitimate European business working with crypto then Januar is here to provide you with the account and payment infrastructure you need to operate successfully and build the financial system of tomorrow.”

Retail FX

Exness’ active clients top 515K as monthly volume hits $3.35 trillion

FX trading volumes are climbing again as economic uncertainty spurred by recent developments over central banks’ policies encouraged speculators to pile back into the market.

Technology

Danske Bank plans signficant investment in digital platforms

“We have decided to significantly increase our investments in our digital platforms, expert advisory services and sustainability, focusing on the areas where we see the best opportunities for profitable growth.”

Digital Assets

ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023

ERD, the Ethereum Reserve Dollar, is a decentralized lending platform and stablecoin that aims to provide a capital-efficient, decentralized, and stable solution to the challenges faced by the stablecoin industry, introducing a minimum collateralization ratio of 110% and a robust liquidation mechanism.

<