Talos Acquires DeFi Platform Skolem In Its Third Acquisition In A Year

According to Odaily, Talos, a unicorn in the crypto industry supported by Citibank, has announced the acquisition of the DeFi platform, Skolem. The specific purchase price and other terms have not been disclosed yet. This acquisition marks the third one for Talos in approximately 12 months.

Talos stated that Skolem would help expand its on-chain capabilities and connect its institutional clients to more decentralized finance or DeFi services. The acquisition is seen as a strategic move to strengthen Talos' position in the crypto industry and expand its services.

However, the details of the acquisition, including the purchase price and other terms, remain undisclosed. The acquisition is expected to enhance Talos' capabilities and broaden its client base by providing access to more DeFi services.