Talos partners with Formidium
Digital asset trading tech provider Talos has partnered with fund administrator Formidium.
The partnership offers end users access to Formidium’s web-based Seamless digital technology, which aims to automate fund administration and tax accounting processes. The multi-asset class solution now provides a digital assets general ledger accounting system.
Talos provides digital asset trading strategies, which enable institutional investors to transact in a low-risk environment. Its services include a trading platform, a lending marketplace, data and analytics, and portfolio and settlement tools.
Formidium offers a cloud-based fund administration application, fund accounting and investor reporting services through its Seamless software platform.
Formidium's EVP, Amit Arora, said: "We are thrilled to partner with Talos, one of the leading names in digital asset trading technology, to offer their client base access to our award-winning cloud-based fund administration application."
Anton Katz, co-founder and CEO of Talos, added: "Formidium's deep familiarity working with crypto-specific reporting and fund administration, coupled with its advanced technology, results in an invaluable integration that further strengthens our all-in-one institutional platform to support the complete trade lifecycle."