Talos Announces Partnership with Leading Fund Administrator Formidium
Talos, the premier provider of institutional digital asset trading technology, today announced it has partnered with leading digital assets fund administrator Formidium. As a result of this partnership, Talos end users worldwide – institutional investors on the buy-side and the sell-side, including traditional finance and crypto-native firms – can now leverage Seamless Digital, Formidium’s advanced digital assets and tax accounting platform. Formidium will join Talos’s robust and trusted partner network comprised of OTC desks, crypto exchanges, FX and settlement providers.
The partnership comes as Talos scales its presence globally. Formidium’s web-based Seamless Digital consolidates and automates all fund administration and tax accounting functions for timely reporting of portfolio, fund, and investor accounting. Originally a multi-asset class platform that was developed for alternative investment funds, including hedge funds, private equity, and real estate, the solution is now also one of the most advanced digital assets general ledger accounting systems on the market, bringing accounting best practices into the crypto ecosystem.
Commenting on the partnership, 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. This partnership is directly in line with our commitment to innovation and we are proud to support a new generation of cutting-edge digital asset and crypto companies.”
“As one of the market’s most trusted trading technology providers, it’s vital that Talos partner with service providers of a similar pedigree,” said Anton Katz, Co-Founder & CEO of Talos. “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.”
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