Digital asset trading technology provider Talos has adopted Formidium’s Seamless Digital, a digital asset and tax accounting platform.
Through the partnership, Talos users across the buy- and sell-sides of both traditional and crypto-native firms will be able to automate their fund administration and tax accounting operations. This will allow for more efficient reporting, the company says.
Chicago-based Formidium (formerly Sudrania Fund Services) was split into two sub-brands: Formidium Fund Services and Formidium Technologies in 2022.
Amit Arora, executive vice president at Formidium, says: “We are thrilled to offer [Talos’] client base access to our 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 digital asset and crypto companies.”
Anton Katz, co-founder and CEO of Talos, adds: “Formidium’s familiarity working with crypto-specific reporting and fund administration coupled with its advanced technology results in an integration that further strengthens our all-in-one institutional platform to support the complete trade lifecycle.”
