Payments technology firm Talos has integrated its institutional digital asset trading platform with BlackRock’s Aladdin portfolio management system, allowing institutional clients to trade crypto assets within their existing workflows. In the first week, the integration has already realized over $1 billion in trading volume. This integration is significant as it merges traditional finance (TradFi) with digital assets, enabling BlackRock’s traders to execute crypto orders via the Talos Order and Execution Management System (OEMS), providing access to advanced algorithms, smart order routing, and diverse digital asset liquidity sources. The partnership aims to meet the growing institutional demand for robust crypto infrastructure. Aladdin users can now access liquidity from centralised exchanges, decentralized finance (DeFi) protocols, and Over-The-Counter (OTC) dealers. Dan Veiner from BlackRock emphasized that integrating Talos enhances their crypto trading capabilities, ensuring they can meet future client demands efficiently. The system supports advanced execution strategies, including algorithmic trading methodologies such as VWAP (Volume-Weighted Average Price) and TWAP (Time-Weighted Average Price), along with Request-for-Quote (RFQ) workflows. Anton Katz, CEO of Talos, remarked that this partnership reflects the increasing institutional adoption of digital assets, as traditional firms transition from exploratory phases to executing trades with the sophistication akin to traditional markets. The integration enables BlackRock to access state-of-the-art trading capabilities directly within their existing processes.