According to Foresight News, Talos, a cryptocurrency trading software provider backed by Citibank and a16z, has fully acquired the cryptocurrency risk management platform, Cloudwall. The scale of the transaction was not disclosed. However, Talos stated that Cloudwall would enhance its existing cryptocurrency portfolio management system to help its institutional clients manage risk and optimize their portfolios.
Cloudwall is the second acquisition by Talos following D3X Systems last year. Anton Katz, co-founder and CEO of Talos, stated that the acquisition of Cloudwall would expand its Portfolio Management System (PMS) in the areas of spot, futures, perpetual equity, and options.