Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate efforts to bring traditional financial markets onto blockchain infrastructure, the company said this Tuesday.
The round was split into two arms, with the main one led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. A follow-on $200 million investment came from manufacturing giant Citadel Securities, valuing Kraken at $20 billion.
Kraken, founded in 2011, operates a regulated trading platform that offers market places and derivatives, tokenized assets, staking, and payment services. Its infrastructure is vertically integrated – covering custody, clearing, matching, settlement and wallet services – allowing the company to roll out new financial products while maintaining compliance standards.
“Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere,” said Arjun Sethi, co-CEO of Kraken. He added that the involvement of companies like Citadel and Jane Street reflects confidence in Kraken’s strategy and infrastructure strategy.
The raise marks a turning point for the firm, which has taken in just $27 million in seed capital to date. Despite minimal outside funding, Kraken generated $1.5 billion in revenue in 2024 and has already surpassed the Q3 2025 total.
In the past year, Kraken has pushed deeper into multi-asset trading. It acquired Ninjatrader to launch US futures trading, began offering tokenized equities, and merged Krak – a global app for payments, savings and investments.
Citadel Securities President Jim Esposito called Kraken a key player in “the next chapter of digital transformation in the markets.” The firm plans to work with Kraken on liquidity allocation and risk management – areas where Citadel has helped shape the traditional market over the past two decades.
With the new funding, Kraken said it will expand into Latin America, Asia Pacific and EMEA. It also plans to add more trading tools, institutional products, staking solutions, and payment services, aiming to meet the increasing demand for regulated access to digital and tokenized assets.
