Home Ethereum Kraken boosts global strategy as Citadel joins fresh investment wave with $200...

Kraken boosts global strategy as Citadel joins fresh investment wave with $200 mn funding

21
0


Kraken boosts global strategy as Citadel joins fresh investment wave

  • Citadel Securities made a strategic investment at a $20 billion valuation.
  • Institutional investors led the first tranche of funding.
  • Kraken plans to grow across Latin America, APAC, and EMEA.

Kraken is entering a new phase of global expansion after securing fresh capital that places the company at a valuation of $20 billion.

The update outlined how this raise will support the firm’s plans for 2026 and strengthen its position across regulated markets, tokenized products, and institutional services.

The company also linked the funding to its broader push into global regions, deeper derivatives activity, and new financial tools.

The announcement signalled a shift toward long-term growth supported by new infrastructure and a wider product lineup rather than short-term market conditions.

Institutional backing drives Kraken capital raise

Kraken raised $800 million through two funding tranches.

The first tranche was led by major institutional players, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital.

The company added that Kraken Co CEO Arjun Sethi’s family office made a significant commitment to the round.

A further $200 million strategic investment came from Citadel Securities at the confirmed $20 billion valuation.

Kraken said the new capital will support its vertically integrated model that includes equities, derivatives, spot markets, tokenized assets, staking, custody, clearing, and payments.

The company had raised only $27 million in primary capital before this round and continued to operate profitably, reporting $1.5 billion in revenue for 2024 and surpassing that figure in the first three quarters of 2025.

Sethi posted on X that the raise reflected long-term conviction in the company’s strategy.

He noted that more than $100 million for the round came from his family office.

Product growth strengthens derivatives and tokenized asset plans

Kraken linked the funding to several important developments that took place across its ecosystem in recent months.

On Nov. 14, the company reported strong Q3 results that included $198 million in adjusted EBITDA, up 28% from the previous quarter, and more than $1.5 billion in revenue over the first nine months of 2025.

Kraken also completed its latest proof of reserves audit, confirming 1:1 plus backing for major assets.

This audit was the first to use distributed validator technology for Ethereum staking within the platform.

The company expanded its US derivatives presence through the acquisitions of NinjaTrader and Small Exchange.

Small Exchange was a $100 million transaction finalised in early October.

These acquisitions give traders new ways to access crypto-connected futures in addition to existing stock and commodity contracts.

To support high-frequency and institutional traders, Kraken introduced a new colocation service in partnership with Beeks Exchange Cloud.

The company said this upgrade offers faster and more direct trading connectivity.

Expansion plans target global markets

Kraken outlined its next steps across key regions as it works toward its 2026 strategy.

The company plans to enter new markets in Latin America, the Asia Pacific region, and EMEA.

Kraken said these expansions will coincide with the launch of new asset types, upgrades to staking services, and new trading features that widen customer use cases.

The company also plans to strengthen its payments network and expand its institutional product suite.

Kraken said these steps will help bridge traditional and open finance through regulated global infrastructure.

Wider financial ecosystem supports long term growth

Kraken positioned the new funding as part of a broader plan to support a growing financial ecosystem that connects regulated markets, tokenized assets, and cross-border financial services.

The company said its vertically integrated approach provides the structure needed for sustainable product development and regional expansion.

The funding also helps the firm invest in infrastructure, compliance systems, and service lines that support both retail and institutional customers.

Kraken said it aims to use this momentum to build a wider presence across global markets while continuing to advance tokenized financial products and regulated trading.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here