Talos Accelerates Expansion of its Portfolio Management System with Acquisition of Cloudwall
NEW YORK, April 23, 2024 /PRNewswire/ -- Talos, the premier provider of institutional technology for trading digital assets, has announced the acquisition of Cloudwall, a developer of sophisticated digital asset risk technology. The move aims to bolster Talos's capabilities with sophisticated risk management technology critical for the institutional adoption of digital assets.
Anton Katz, CEO and Co-Founder of Talos, expressed the significance of the acquisition, stating, "The acquisition of Cloudwall is a cornerstone in our strategy to enhance and expand our portfolio management solutions." He added, "This collaboration is foundational in our roadmap towards delivering an innovative PMS that promises to redefine industry standards in managing digital assets."
The collaboration between Talos and Cloudwall is rooted in their shared vision for the future of digital assets. Kyle Downey, CEO and Co-Founder of Cloudwall, emphasized this shared perspective, saying, "Talos and Cloudwall share a view that in the future all assets will be digital assets." He highlighted the importance of risk management in finance, particularly in the realm of digital assets, and expressed excitement about continuing their mission under the umbrella of Talos.
Talos's acquisition of Cloudwall signifies a commitment to providing institutional investors with the necessary tools to navigate the complexities of digital asset portfolios. By investing in institutional-grade risk management technology, Talos aims to assist clients in assessing and mitigating risks unique to digital assets, thus supporting the institutional adoption of this asset class.
With this strategic move, Talos is well-positioned to accelerate the development of a comprehensive portfolio management system across various digital asset categories. The integration of Cloudwall's expertise in portfolio risk systems will further enhance Talos's capabilities in offering sophisticated tools for decision-making and portfolio optimization.
Talos continues to solidify its position as a leading provider of institutional-grade technology for the digital asset trading lifecycle, offering solutions that connect institutions to key players in the digital asset ecosystem. Through this acquisition and previous advancements in portfolio engineering, Talos is dedicated to empowering clients with the tools and technologies necessary for successful digital asset trading and management.