BitcoinWorld Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets Leadership team expansion coincides with recent onboarding of large asset managers representing $21 trillion in AUM NEW YORK, Oct. 30, 2025 /PRNewswire/ — Talos, the premier provider of institutional digital assets technology and data for trading and portfolio management, announced the appointment of Drew Forman as Senior Vice President and Head of Strategy. In this newly created executive role, Forman will lead firmwide initiatives spanning market expansion, product innovation and corporate development as Talos continues to strengthen its position at the center of the institutional digital assets ecosystem. As Head of Cowen Digital, Forman launched a full-service, institutional digital assets platform that offered trade execution, custody through partners, and aggregated liquidity solutions for traditional institutions entering the market. He brings to Talos deep experience in derivatives trading, having led Cowen’s equity derivatives desk, co-led the trading desk at Macro Risk Advisors, and held senior derivatives trading roles at Nomura and J.P. Morgan. Most recently, at Hudson Bay Capital, he focused on the portfolio management and trading of equity volatility strategies, further demonstrating his analytical rigor in traditional finance. “We’re very fortunate to welcome Drew Forman to Talos,” said Anton Katz, CEO and Co-Founder of Talos. “We’ve seen significant growth in traditional institutions entering digital assets, and with that comes a tremendous opportunity for Talos to support their sophisticated workflows. Drew’s proven leadership in building and scaling businesses across traditional and digital finance makes him uniquely positioned to help chart Talos’s next phase of growth.” Forman will report directly to CEO Anton Katz, overseeing business strategy, exploring inorganic growth and partnership opportunities, and helping to define the firm’s long-term positioning across both digital and traditional asset markets. His mandate includes driving alignment across the organization and ensuring that Talos’s platform continues to be the trusted infrastructure layer for financial institutions. Forman’s appointment reflects Talos’s ongoing momentum and the broader wave of institutional engagement in digital assets. Over the past year, Talos has onboarded as clients multiple leading asset managers representing approximately $21 trillion in assets under management (AUM), as well as hedge funds collectively managing over $100 billion in AUM. In addition, several retail brokers have adopted Talos’s technology, enabling over 100 million end users to trade digital assets. Recent growth milestones also include the integration of the Talos order and execution management system (OEMS) with BlackRock’s Aladdin® investment platform, and the acquisitions of four best-in-class digital assets firms: data provider Coin Metrics, risk management platform Cloudwall, institutional DeFi technology provider Skolem, and portfolio engineering platform D3X Systems. These strategic moves advance Talos’s commitment to delivering an institutional-grade platform that supports the full lifecycle of digital asset investment. “I’ve followed Talos’s evolution with admiration, from assembling the broadest connectivity network to building out the most comprehensive execution and portfolio management system for digital assets,” added Forman. “This is an inflection point not only for Talos, but for the convergence of digital and traditional finance. I’m honored to join the leadership team to help shape the firm’s strategic direction and accelerate the next phase of growth.” About Talos Talos provides institutional-grade technology and data that supports the full digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement and portfolio management. Engineered by a team with unmatched experience building institutional trading, portfolio and data systems, the Talos platform connects institutions to key providers in the digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians, and more – through a single interface. For additional information, visit www.talos.com. Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions. MEDIA CONTACT: media@talos.com   This post Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets first appeared on BitcoinWorld.BitcoinWorld Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets Leadership team expansion coincides with recent onboarding of large asset managers representing $21 trillion in AUM NEW YORK, Oct. 30, 2025 /PRNewswire/ — Talos, the premier provider of institutional digital assets technology and data for trading and portfolio management, announced the appointment of Drew Forman as Senior Vice President and Head of Strategy. In this newly created executive role, Forman will lead firmwide initiatives spanning market expansion, product innovation and corporate development as Talos continues to strengthen its position at the center of the institutional digital assets ecosystem. As Head of Cowen Digital, Forman launched a full-service, institutional digital assets platform that offered trade execution, custody through partners, and aggregated liquidity solutions for traditional institutions entering the market. He brings to Talos deep experience in derivatives trading, having led Cowen’s equity derivatives desk, co-led the trading desk at Macro Risk Advisors, and held senior derivatives trading roles at Nomura and J.P. Morgan. Most recently, at Hudson Bay Capital, he focused on the portfolio management and trading of equity volatility strategies, further demonstrating his analytical rigor in traditional finance. “We’re very fortunate to welcome Drew Forman to Talos,” said Anton Katz, CEO and Co-Founder of Talos. “We’ve seen significant growth in traditional institutions entering digital assets, and with that comes a tremendous opportunity for Talos to support their sophisticated workflows. Drew’s proven leadership in building and scaling businesses across traditional and digital finance makes him uniquely positioned to help chart Talos’s next phase of growth.” Forman will report directly to CEO Anton Katz, overseeing business strategy, exploring inorganic growth and partnership opportunities, and helping to define the firm’s long-term positioning across both digital and traditional asset markets. His mandate includes driving alignment across the organization and ensuring that Talos’s platform continues to be the trusted infrastructure layer for financial institutions. Forman’s appointment reflects Talos’s ongoing momentum and the broader wave of institutional engagement in digital assets. Over the past year, Talos has onboarded as clients multiple leading asset managers representing approximately $21 trillion in assets under management (AUM), as well as hedge funds collectively managing over $100 billion in AUM. In addition, several retail brokers have adopted Talos’s technology, enabling over 100 million end users to trade digital assets. Recent growth milestones also include the integration of the Talos order and execution management system (OEMS) with BlackRock’s Aladdin® investment platform, and the acquisitions of four best-in-class digital assets firms: data provider Coin Metrics, risk management platform Cloudwall, institutional DeFi technology provider Skolem, and portfolio engineering platform D3X Systems. These strategic moves advance Talos’s commitment to delivering an institutional-grade platform that supports the full lifecycle of digital asset investment. “I’ve followed Talos’s evolution with admiration, from assembling the broadest connectivity network to building out the most comprehensive execution and portfolio management system for digital assets,” added Forman. “This is an inflection point not only for Talos, but for the convergence of digital and traditional finance. I’m honored to join the leadership team to help shape the firm’s strategic direction and accelerate the next phase of growth.” About Talos Talos provides institutional-grade technology and data that supports the full digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement and portfolio management. Engineered by a team with unmatched experience building institutional trading, portfolio and data systems, the Talos platform connects institutions to key providers in the digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians, and more – through a single interface. For additional information, visit www.talos.com. Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions. MEDIA CONTACT: media@talos.com   This post Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets first appeared on BitcoinWorld.

Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets

2025/10/30 20:45

BitcoinWorld

Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets

Leadership team expansion coincides with recent onboarding of large asset managers representing $21 trillion in AUM

NEW YORK, Oct. 30, 2025 /PRNewswire/ — Talos, the premier provider of institutional digital assets technology and data for trading and portfolio management, announced the appointment of Drew Forman as Senior Vice President and Head of Strategy. In this newly created executive role, Forman will lead firmwide initiatives spanning market expansion, product innovation and corporate development as Talos continues to strengthen its position at the center of the institutional digital assets ecosystem.

As Head of Cowen Digital, Forman launched a full-service, institutional digital assets platform that offered trade execution, custody through partners, and aggregated liquidity solutions for traditional institutions entering the market. He brings to Talos deep experience in derivatives trading, having led Cowen’s equity derivatives desk, co-led the trading desk at Macro Risk Advisors, and held senior derivatives trading roles at Nomura and J.P. Morgan. Most recently, at Hudson Bay Capital, he focused on the portfolio management and trading of equity volatility strategies, further demonstrating his analytical rigor in traditional finance.

Forman will report directly to CEO Anton Katz, overseeing business strategy, exploring inorganic growth and partnership opportunities, and helping to define the firm’s long-term positioning across both digital and traditional asset markets. His mandate includes driving alignment across the organization and ensuring that Talos’s platform continues to be the trusted infrastructure layer for financial institutions.

Forman’s appointment reflects Talos’s ongoing momentum and the broader wave of institutional engagement in digital assets. Over the past year, Talos has onboarded as clients multiple leading asset managers representing approximately $21 trillion in assets under management (AUM), as well as hedge funds collectively managing over $100 billion in AUM. In addition, several retail brokers have adopted Talos’s technology, enabling over 100 million end users to trade digital assets.

Recent growth milestones also include the integration of the Talos order and execution management system (OEMS) with BlackRock’s Aladdin® investment platform, and the acquisitions of four best-in-class digital assets firms: data provider Coin Metrics, risk management platform Cloudwall, institutional DeFi technology provider Skolem, and portfolio engineering platform D3X Systems. These strategic moves advance Talos’s commitment to delivering an institutional-grade platform that supports the full lifecycle of digital asset investment.

About Talos

Talos provides institutional-grade technology and data that supports the full digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement and portfolio management. Engineered by a team with unmatched experience building institutional trading, portfolio and data systems, the Talos platform connects institutions to key providers in the digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians, and more – through a single interface. For additional information, visit www.talos.com.

Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.

MEDIA CONTACT: media@talos.com

This post Talos Appoints Former Cowen Digital Head Drew Forman as SVP, Head of Strategy Amid Surge in Institutional Adoption of Digital Assets first appeared on BitcoinWorld.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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Why Is Crypto Down Today? – October 30, 2025

Why Is Crypto Down Today? – October 30, 2025

The crypto market is down today, with the total cryptocurrency market capitalization falling by 3.0% to $3.78 trillion, according to data from CoinMarketCap. Meanwhile, the 24-hour trading volume sits at $192 billion, reflecting reduced activity as major cryptocurrencies turn red. TLDR: The global crypto market cap fell 3.0% to $3.78T; 8 of the top 10 coins and most majors in the red; BTC dropped 3.5% to $109,373, while ETH slid 3.6% to $3,868; The Fed’s 25 bps rate cut and the end of quantitative tightening in December signal returning liquidity; Fear & Greed Index fell to 34 (Fear); BTC ETFs saw $470.7M outflows; ETH ETFs posted $81.44M outflows; AUSTRAC fined CryptoLink A$56,340 (US$37,085) for AML compliance failures. Crypto Winners & Losers At the time of writing, 8 of the top 10 cryptocurrencies by market capitalization have declined over the past 24 hours. Bitcoin (BTC) fell 3.5%, now trading at $109,373, maintaining a market cap of over $2.18 trillion. Ethereum (ETH) slipped 3.6% to $3,868, while BNB (BNB) dropped 0.5% to $1,107. XRP (XRP) recorded a 4.4% decline to $2.54, and Solana (SOL) lost 3.9%, now priced at $190.92. The biggest drop among the top 10 came from Dogecoin (DOGE), which fell 4.4% to $0.1872. Despite the broader downturn, a few altcoins posted impressive gains. Aurora (AURORA) surged 65.1% to $0.08555, while Jelly-My-Jelly (JMJ) and Anvil (ANVL) rose 50.6% and 44.0%, respectively. In contrast, PepeNode (PNODE) and BlockchainFX (BFX) topped the list of trending tokens despite declines of 19.7% and 5.7%, showing strong retail interest amid market volatility. Meanwhile, Swiss-based asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch a Hyperliquid (HYPE) exchange-traded fund (ETF) amid growing institutional appetite for altcoin-linked investment products. The move came just weeks after Bitwise filed for a similar Hyperliquid ETF, underscoring intensifying competition among asset managers to capture investor demand for exposure to decentralized trading ecosystems. The HYPE token powers Hyperliquid’s decentralized exchange, offering users fee discounts and serving as the gas token for its blockchain. Bitcoin Holds Strong as Altcoins Lag Despite Fed Rate Cut and End of QT The US Federal Reserve’s latest 25 basis-point rate cut unfolded as expected, sending Bitcoin briefly down to $109K. However, the real market mover was the Fed’s confirmation that quantitative tightening (QT) will end in December, signaling the return of liquidity that could fuel risk assets. Analysts say this could set the stage for an “alt season,” though past patterns show such optimism often fades quickly. In 2024, the first rate cut triggered a strong rally, but it fizzled by September, only to be reignited by Trump’s election victory later that year. Despite those bursts of momentum, most altcoins have failed to reclaim their 2021 highs, while Bitcoin remains the only asset consistently trending upward. Major tokens like ETH, SOL, and XRP remain more than 40% below their peaks, showing a market still in a consolidation phase. Analysts view the current market as a reset rather than a crash, where liquidity is shifting rather than expanding. Solana and XRP both appear to be stabilizing, with record futures open interest near $3 billion each on CME. Levels & Events to Watch Next At the time of writing, Bitcoin trades at $109,295, down 0.68% on the day. The coin has been consolidating after failing to sustain momentum above $112,000 earlier this week. For now, BTC’s intraday range sits between $108,800 and $110,200, suggesting a cautious market tone. A breakout above $111,800 could trigger a move toward $114,500 and potentially $118,000, where previous resistance zones lie. On the downside, failure to hold current support could open the door to $107,500, followed by a stronger support area around $105,000. Meanwhile, Ethereum trades at $3,865, down 0.99% in the past 24 hours. The coin has been hovering near the $3,850–$3,900 zone after slipping from its weekly high near $4,100. If ETH breaks above $3,950, it could attempt to retest $4,200 and then $4,400, where selling pressure has repeatedly capped rallies. However, a drop below $3,800 may lead to a deeper pullback toward $3,650–$3,700 in the short term. Meanwhile, market sentiment has tilted slightly more bearish, with the Crypto Fear and Greed Index falling to 34, signaling “Fear.” The index was at 39 yesterday and 43 a month ago, indicating a steady decline in confidence as traders remain cautious amid price volatility. The shift reflects ongoing uncertainty in the market, with participants holding back from aggressive positions while awaiting clearer signals from macroeconomic developments. The US Bitcoin spot exchange-traded funds (ETFs) saw a sharp reversal on Wednesday, recording $470.7 million in outflows, according to data from SoSoValue. The total cumulative net inflow now stands at $61.87 billion, with total net assets valued at $149.98 billion, representing 6.75% of Bitcoin’s market capitalization. Among the funds, Fidelity’s FBTC led the outflows with $164.36 million, followed by Ark & 21Shares (ARKB) with $143.8 million, and BlackRock’s IBIT with $88.08 million. Grayscale’s GBTC also saw $65.01 million leave the fund. The US Ethereum spot ETFs also recorded $81.44 million in outflows on Wednesday. The total cumulative net inflow now stands at $14.65 billion, while total net assets are valued at $26.60 billion, representing 5.58% of Ethereum’s market capitalization. Among the nine ETFs, BlackRock’s ETHA was the only major fund to post gains, taking in $21.36 million. In contrast, Fidelity’s FETH saw the largest outflow at $69.49 million, followed by Grayscale’s ETHE with $12.83 million and Grayscale’s ETH with $16.18 million. In contrast, the US Solana spot ETFs recorded $47.94 million in net inflows on Wednesday. The total cumulative net inflow now stands at $117.40 million, with total net assets reaching $432.29 million, representing 0.40% of Solana’s market capitalization. Among the two listed ETFs, Bitwise’s BSOL led with $46.54 million in inflows, while Grayscale’s GSOL added $1.40 million. Total trading volume across both funds was $79.50 million for the day. Meanwhile, Australian financial intelligence agency, AUSTRAC, slapped a AU$56,340 fine (US$37,085) on crypto ATM operator CryptoLink on Thursday. The action comes after the regulator’s Crypto Taskforce, established last year, found late reporting of large cash transactions and “weaknesses” in CryptoLink’s AML rules
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CryptoNews2025/10/30 23:12