Talos, an institutional cryptocurrency trading platform, has hired Justin Schmidt as head of strategy.
Mr Schmidt comes to Talos from Goldman Sachs, where he served as head of digital asset markets since 2018. During his time there, he spearheaded the company’s crypto trading desk in global markets and overall digital asset strategy.
As head of strategy, Mr 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.
The Talos platform, which has been live since early 2019 and was publicly announced last fall, has been steadily expanding both its capabilities and its user base, reflecting the rapid pace of institutional digital asset adoption across the globe. Its suite of solutions supports clients through the full crypto trading lifecycle, from price discovery to execution through clearing and settlement and across spot, futures and FX markets.
Commenting on the appointment, Anton Katz, Talos’s co-founder and chief executive officer said: “We continue to see rapid growth of our business as a direct result of more institutions taking part in the digital assets ecosystem, and it is more important than ever to ensure that we deliver a complete suite of digital assets trading solutions to fund managers and the providers that service them. Justin’s addition to the Talos team exemplifies our commitment to enable larger institutions to participate meaningfully in the crypto asset class.”