Talos, a crypto trading software provider and unicorn backed by heavyweights including Citibank and Andreessen Horowitz (a16z), has acquired Skolem, which offers a DeFi-access platform.

The size of the deal and other terms weren't disclosed, but Talos said Skolem would help expand its on-chain capabilities and connect its institutional clients to additional decentralized finance or DeFi services.

"This acquisition helps Talos expand our on-chain capabilities and provide clients with access to additional DeFi liquidity pools as well as expand our PMS [portfolio management service] offering to include DeFi services," Talos co-founder and CEO Anton Katz told The Block.

"As the digital assets market evolves, a number of our clients are interested in accessing such capabilities to diversify …