The cryptocurrency company Talos plans to double its workforce in the Asia-Pacific region within 12 months

ChainCatcher news, digital asset trading software provider Talos Trading Inc. is preparing to double its workforce in the Asia-Pacific region over the next 12 months.

The New York-based cryptocurrency unicorn, backed by A16z, has identified Asia as its primary market, benefiting from its strong cryptocurrency foundation and regulatory clarity in jurisdictions such as Hong Kong, Singapore, and Japan.

The Asia region currently contributes the majority of Talos's revenue. It is reported that Talos completed a $40 million Series A funding round in 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.