Digital-asset trading technology firm Talos has agreed to acquire blockchain data specialist Coin Metrics in a cash-and-stock deal valued at more than $100 million. The transaction, announced Wednesday, combines Talos’s execution and portfolio-management software with Coin Metrics’ market data, index products and on-chain analytics, creating what the companies say will be the first fully integrated platform aimed at institutional investors in cryptocurrencies. Founded in 2018, New York-based Talos counts Citi, PayPal and Fidelity among backers and was valued at $1.25 billion after a $105 million fundraising in 2022, following a $40 million round led by Andreessen Horowitz the previous year. Chief Executive Officer Anton Katz said the purchase positions Talos to serve growing demand from banks, hedge funds and brokers seeking end-to-end tools for trading and risk management as digital assets move further into mainstream finance.