Crypto trade Kraken has raised $800 million in contemporary funding, together with $200 from funding from Citadel Securities, to speed up its efforts to convey conventional monetary markets onto blockchain infrastructure, the corporate stated Tuesday.
The spherical was break up throughout two tranches, with the principle one led by institutional traders together with Jane Avenue, DRW Enterprise Capital, HSG, Oppenheimer Various Funding Administration and Tribe Capital. A follow-on $200 million funding got here from market-making big Citadel Securities, valuing Kraken at $20 billion.
Kraken, based in 2011, operates a regulated buying and selling platform providing spot and derivatives markets, tokenized property, staking, and cost providers. Its infrastructure is vertically built-in — overlaying custody, clearing, matching, settlement and pockets providers — which permits the corporate to roll out new monetary merchandise rapidly whereas sustaining compliance requirements.
“Our focus has at all times been easy: to create a platform the place anybody can commerce any asset, anytime, wherever,” stated Arjun Sethi, Kraken’s co-CEO. He added that the involvement of companies like Citadel Securities and Jane Avenue displays confidence in Kraken’s technique and its infrastructure-first strategy.
The elevate marks a turning level for the agency, which has taken in simply $27 million in main capital till now. Regardless of minimal exterior funding, Kraken generated $1.5 billion in income in 2024 and had already surpassed that complete by Q3 2025.
Over the past yr, Kraken has pushed deeper into multi-asset buying and selling. It acquired NinjaTrader to launch U.S. futures buying and selling, started providing tokenized equities, and rolled out KRAK — a worldwide app for funds, financial savings and investing.
Citadel Securities President Jim Esposito referred to as Kraken a key participant in “the subsequent chapter of digital innovation in markets.” The agency plans to work with Kraken on liquidity provision and threat administration — areas the place Citadel Securities has helped form conventional markets over the past 20 years.
With the brand new funding, Kraken stated it is going to broaden into Latin America, Asia Pacific and EMEA. It additionally plans so as to add extra buying and selling instruments, institutional merchandise, staking options, and cost providers, aiming to satisfy rising demand for regulated entry to digital and tokenized property.
