Digital assets investment platform Kraken is announcing that they have now raised $800 million across two tranches to accelerate our strategy of bringing traditional financial products on-chain. The crypto exchange also mentioned that the primary tranche has reportedly been led by investors Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for another $200 million investment from Citadel Securities was executed “at a $20 billion valuation.”
Established back in 2011, the firm says that they currently operate a globally scaled and regulated infrastructure stack that “spans spot trading, derivatives, equities, tokenized assets, staking and payments.”
Their integrated architecture — covering exchange matching, custody, clearing, settlement, market data and wallet services — allows “deployment of new asset classes and features while maintaining security and regulatory rigor.”
They claim to have demonstrated profitability, “generating $1.5 billion in revenue in 2024 and surpassing that figure within the first three quarters of 2025.”
With $27 million in primary capital raised prior to this round, the company has built a platform that unites traditional financial markets “with the expanding world of digital and tokenized assets.”
During the past few months, they have expanded their multi-asset ecosystem.
They integrated U.S. futures trading via their acquisition of NinjaTrader, launched equities and tokenized equity trading, and “introduced KRAK, a global app for payments, savings and investing.”
This steady pace of product development is enabled by their vertically integrated infrastructure and “disciplined approach to compliance, reliability and security.”
Citadel Securities’ collab with Kraken will now reportedly include differentiated liquidity provision, risk management expertise as well as key market structure insights.
With this capital injection, they will continue to focus on scaling global operations, strengthening regulated operations and expanding their product suite — both organically and via more targeted acquisitions.
They intend to enter various other markets across Latin America, Asia Pacific and EMEA, while broadening their core offerings beyond crypto to include additional asset classes, improved trading tools and staking solutions, more payment services and greater institutional capabilities.
These latest initiatives will now aim to provide clients more efficient access to digital and tokenized assets while also enhancing their existing position at the intersection of traditional and open finance.