Talos strengthens APAC presence with Samar Sen and Singapore office

Rick Steves

Samar Sen’s appointment is the latest senior hire for the firm following a $40 million Series A funding round led by Andreessen Horowitz. In the Spring, Talos hired Justin Schmidt, formerly Head of Digital Asset Markets for Goldman Sachs, as Head of Strategy, and Alfonse Mandese, ex-Citi, as Head of Sales and Business Development.

R5FX enters Singapore

Talos has announced the appointment of Samar Sen as Head of Asia-Pacific in a move to execute its growth strategy for the region, including plans to open a Singapore office.

The fintech firm specialized in the institutional trading of digital assets chose Samar Sen for his experience in a variety of product, strategy, and technology leadership roles at capital markets firms for 20 years.

Samar Sen joined Talos after serving as the Global Head of Digital Products for Securities Services at Deutsche Bank. There, he co-led the bank’s digital asset strategy and product delivery.

His long career includes senior Asia-based roles at BNP Paribas, Barclays, and TradeHero after starting his career at Goldman Sachs in New York.

Anton Katz, Co-Founder and Chief Executive Officer at Talos, said: “As a technology firm focused exclusively on helping institutions around the world safely and efficiently access the digital asset markets, it’s important that our team brings the proper understanding of the challenges our clients and prospects face. With his background as a capital markets technologist, Samar most definitely fits the bill. We’re excited to add someone of his caliber to lead our APAC growth strategy, and look forward to his future success as we grow into 2022 and beyond.”

Samar Sen, Head of Asia-Pacific at Talos, commented: “Talos is one of the most respected firms in the crypto industry, quietly working with many of the world’s largest financial institutions on their digital asset strategies. As institutional investors and their service providers increasingly allocate capital toward digital assets, they will require Talos’s institutional-grade trading platform and its connectivity to global liquidity. The quality of Talos’s products and their engineering talent is unrivalled in the market, and I cannot wait to contribute to the team’s vision. The opportunity to scale a platform built for an entirely new asset class comes around perhaps once in a career.”

Justin Schmidt, Head of Strategy at Talos, added: “As we all know, crypto is 24/7 and global. Talos has been expanding organically in Asia for some time now, and, simply put, it’s time we create a local presence to help us better serve our clients. Talos looks forward to working with Singapore and hiring locally for all business functions across revenue, technology, and operations. Personally, I am beyond excited to reconnect with Samar in his new leadership role, and I look forward to working together to continue to build our Asia business.”

Ex-Goldman Sachs Justin Schmidt is also a recent acquisition at Talos. This executive move is of great significance as Schmidt served at Goldman Sachs as Head of Digital Asset Markets since 2018 and spearheaded the company’s crypto trading desk in global markets and overall digital asset strategy.

Schmidt will be responsible for developing, executing, and sustaining Talos’s strategic initiatives and managing business operations. He will also assist in recruiting talent and will drive the company’s growth internationally.

Talos was developed exclusively to support end-to-end trading of digital assets, from onboarding to price discovery, execution and settlement, including bilateral access to liquidity providers.

Talos caters to both investors and financial service providers, including prime brokers, OTC liquidity providers, lenders, custodians, and exchanges.

The firm has recently raised $40 million in a funding round led by Andreessen Horowitz, which also included backing from PayPal, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and Steadfast Capital Ventures.

Read this next

Retail FX

Investors from Cyprus and Dubai acquire ‘significant stake’ in M4Markets

Seychelles-regulated brokerage firm M4Markets firm has picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.

Executive Moves

UAE broker Amana elevates Amr Masry to sales director

Amr Masry has been promoted to a new senior role at Amana Capital, becoming the group’s newest Sales Director, following a successful tenure with the UAE-based FX and CFDs broker.

Executive Moves

TopFX promotes Omar Al-Janabi to head of sales and business development

Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.

Retail FX

Plus500 says 2022 revenue to be ‘significantly’ ahead of analysts’ estimates

Israeli-based, but London-stock market listed Plus500 said it expects annual revenue and earnings to be ahead of analysts’ estimates even as trading levels normalised from record volumes in the first quarter.

Digital Assets

Crypto derivatives giant BitMEX launches spot market

Crypto exchange BitMEX is looking to branch out of its singular focus on crypto derivatives with a suite of new product offerings. Although derivatives are to remain at the heart of BitMEX’s business, the popular platform will add spot crypto trading as it aims to aggressively grow their user base.

Uncategorized

PrimeXM reports mixed trading volumes for April

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Digital Assets

DLT Finance approved by BaFin to support brokerage and custody of digital assets

DLT Finance is already partnered with big names within the digital asset space, including Kraken, Bitstamp, B2C2, and Bittrex.

Institutional FX

LUKB taps vestr to launch actively managed products, AMCs

The partnership with vestr goes to show the growing importance of digitising the active investment management space.

Digital Assets

Jewel taps Tokeny to launch stablecoin-as-a-service solution on Polygon

Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier and near real time payments with stablecoins issued and redeemable directly at the bank level at Jewel.

<