What Cloudwall Capital does

Cloudwall Capital was a New York-based fintech founded in 2021 that built institutional-grade risk and portfolio management software for digital asset markets. Its core offering was an integrated Portfolio Management System (PMS) and Order and Execution Management System (OEMS) providing real-time position, risk, and P&L monitoring; automated alerting on risk, leverage, and settlement limits; P&L attribution; Conditional Value at Risk (CVaR) reporting; and stress testing across spot and derivatives portfolios. The platform addressed the operational complexity of managing multi-strategy crypto books for institutional asset managers, hedge funds, proprietary trading firms, and large token holders.

Cloudwall monetized through enterprise software licensing on a recurring or subscription basis, distributed via direct enterprise sales to institutional clients. The company raised approximately $6.3 million in seed funding in June 2022 from a syndicate co-led by Illuminate Financial and LocalGlobe, with participation from Eberg Capital and NEMO Ventures. Co-founder and CEO Kyle Downey led a small team of 11–50 employees based in New York. In 2025, Cloudwall was acquired by Talos, an institutional digital asset trading platform provider; the deal was structured to fold Cloudwall's PMS and OEMS technology into Talos's portfolio engineering, risk, and treasury management offerings, extending coverage across buy-side and sell-side digital asset workflows.

Following the acquisition, Cloudwall ceased to operate as an independent company, with its technology, customer relationships, and product roadmap absorbed into Talos's institutional digital asset platform. All product features — including CVaR analytics, real-time alerting, and spot/derivatives stress testing — are now delivered through Talos's combined institutional offering alongside Trading Platform, White Label, RFQ, Data, and Post-Trade Analytics products.

Name

Cloudwall Capital

Legal name

Cloudwall

Website

https://cloudwall.capital

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

11–50 employees

Short description

Cloudwall Capital built institutional-grade real-time crypto portfolio and risk management software, including integrated PMS and OEMS capabilities, serving asset managers, hedge funds, proprietary trading firms, and token holders; its technology was acquired by Talos in 2025.

Ownership category

akta.pro rank

Product category

Crypto Risk Management Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Collateral Management & Margining (FSADAJAF)

akta.pro secondary industry

Collateral Management, Liquidation & Risk Engines (Credit) (FSADAFAE)

Keywords

• Crypto risk management
• Portfolio management software
• Digital asset analytics
• Crypto trading infrastructure
• Institutional crypto technology

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Enterprise Software Licensing: Cloudwall Capital generated revenue through licensing its crypto risk management and portfolio management technology to institutional clients including asset managers, hedge funds, and proprietary trading firms in the digital asset space

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Cloudwall Capital built an institutional-grade crypto risk management and portfolio management system used by digital asset managers, hedge funds, proprietary trading firms and token holders. The platform provided real-time position, risk and P&L monitoring, automated alerting on risk, leverage and settlement limits, P&L attribution and CVaR reporting, and stress testing across spot and derivatives crypto portfolios. The technology was acquired by Talos in 2024 and integrated into its institutional digital asset platform.

Product overview

Cloudwall Capital developed a crypto risk management and portfolio management system technology that has been acquired by Talos. The offering consisted of an integrated PMS + OEMS solution that provided real-time position, risk and P&L monitoring, real-time alerting on risk, leverage and settlement limits, P&L attribution and CVaR reporting, and stress testing capabilities for spot and derivatives portfolios. This technology has been integrated into Talos's institutional-grade platform to support the entire investment and trade lifecycle for digital assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Crypto Risk Management System Institutional-grade system providing real-time position, risk and P&L monitoring, real-time alerting on risk, leverage and settlement limits, and stress testing of spot and derivatives cryptocurrency portfolios for digital asset managers, hedge funds, proprietary trading firms and token holders.
• Portfolio Management System (PMS) Integrated PMS solution incorporating Cloudwall's technology for portfolio management, enabling P&L attribution reporting, CVaR analysis, and comprehensive portfolio monitoring for institutional crypto asset managers.
• Order and Execution Management System (OEMS) Order and execution management system integrated with risk management capabilities, enabling real-time risk monitoring and alerting alongside trade execution for digital asset portfolios.

Quantifiable outcome

• Integrated into Talos's institutional-grade digital asset platform

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• TaloscoreStrategic or Co-development Partner · 1 January 2025Talos acquired Cloudwall's crypto risk management and portfolio management system technology. The acquisition complemented Talos's existing portfolio engineering and treasury management capabilities. Cloudwall's technology was integrated into Talos's platform to enhance the PMS (Portfolio Management System) and OEMS (Order and Execution Management System) solutions for institutional digital asset managers.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Amberdata: Amberdata provides digital-asset analytics, risk, and portfolio monitoring tools for institutional crypto investors. It is a direct competitor to Cloudwall's risk and P&L monitoring capabilities for crypto trading desks.
• Lukka: Lukka offers institutional-grade crypto asset data, valuation, and risk management software. Comparable to Cloudwall because it serves hedge funds, asset managers, and accounting/operations teams needing reliable digital-asset risk and reporting.
• Kaiko: Kaiko provides institutional digital-asset market data and analytics, including risk and reference data for trading firms. Comparable to Cloudwall as an institutional-grade data and analytics provider for crypto risk and portfolio decisions.
• Coin Metrics: Coin Metrics delivers crypto market and network data, indexes, and risk analytics to institutional investors. Comparable to Cloudwall because it feeds institutional trading and risk workflows with high-quality digital-asset data.
• Bitwave: Bitwave provides crypto accounting, tax, and financial-operations software for institutions transacting in digital assets. Comparable to Cloudwall as institutional back-office infrastructure for digital-asset risk and reporting.
• Elwood Technologies: Elwood Technologies provides a digital-asset trading, portfolio, and risk management platform for institutional investors. Comparable to Cloudwall because it offers an end-to-end PMS/EMS experience targeted at crypto funds and prop trading firms.

Emerging players

• Glassnode: Glassnode provides on-chain analytics and market intelligence for digital assets, increasingly used by institutional desks. Comparable to Cloudwall for risk and portfolio monitoring signals but more analytics-oriented than PMS-grade tooling.
• Eaglebrook Advisors: Eaglebrook offers turnkey crypto separately managed account and portfolio management software for RIAs and asset managers. Comparable to Cloudwall as it serves institutional crypto allocators needing portfolio oversight tools.

Broad incumbents

• AlphaPoint: AlphaPoint provides white-label digital-asset trading, custody, and portfolio infrastructure for institutions and exchanges. Comparable to Cloudwall as a broad incumbent serving institutional clients in the digital-asset stack where risk and PMS are positioned.
• Fireblocks: Fireblocks provides custody, settlement, and broader digital-asset infrastructure including portfolio and risk tooling for institutions. Comparable to Cloudwall as a broader incumbent in the institutional crypto stack overlapping on portfolio and risk management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cloudwall-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cloudwall Capital