Crypto exchange Kraken has secured US$800 million in fresh funding to accelerate its plan to bring traditional financial products on-chain.
The round includes a US$200 million strategic investment from Citadel Securities at a US$20 billion valuation.
“This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system.
Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunity ahead and the depth of alignment around how this infrastructure should be built.”
said Arjun Sethi, Co-CEO at Kraken.
The primary tranche was backed by Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a significant commitment from Sethi’s family office.
Founded in 2011, Kraken operates a globally scaled and regulated infrastructure stack that supports spot trading, derivatives, equities, tokenised assets, staking and payments.
Its vertically integrated architecture covers exchange matching, custody, clearing, settlement, market data and wallet services, which the company said enables rapid deployment of new asset classes while maintaining regulatory and security standards.
Kraken reported US$1.5 billion in revenue in 2024 and said it surpassed that figure within the first three quarters of 2025.
It added that it has maintained sustained profitability and had raised only US$27 million in primary capital before this round.
The company has expanded its product range in recent months by integrating U.S. futures trading through the NinjaTrader acquisition, launching equities and tokenised equity trading and rolling out KRAK, a global app for payments, savings and investing.
Citadel Securities President Jim Esposito said the firm will support Kraken’s next phase of growth.
Kraken said the partnership will include differentiated liquidity provision, risk management support and market structure insights.
The new funding will be used to scale operations, strengthen its regulated footprint and expand its product suite through organic growth and targeted acquisitions.
Kraken plans to enter new markets in Latin America, Asia Pacific and EMEA, while adding more asset classes, advanced trading tools, staking solutions, expanded payment services and enhanced institutional features.
This article first appeared on Fintech News Singapore.
Featured image: Edited by Fintech News Switzerland, based on image by ilygraphic via Freepik
