Kraken has secured $800 million in new funding to advance its strategy of bringing traditional financial products on-chain, marking one of the company’s most significant capital events since its founding in 2011. The funding was completed across two tranches, with the primary tranche backed by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, as well as a significant commitment from Arjun Sethi’s family office. The company also executed an agreement for a $200 million strategic investment from Citadel Securities at a $20 billion valuation.
The company operates a global, regulated infrastructure stack supporting spot trading, derivatives, equities, tokenized assets, staking, and payments. Its vertically integrated architecture provides exchange matching, custody, clearing, settlement, market data, and wallet services under a single framework, enabling rapid product deployment while maintaining a continued focus on security and compliance. Kraken generated $1.5 billion in revenue in 2024 and exceeded that figure within the first three quarters of 2025, all while raising only $27 million in primary capital before this round.
Kraken’s pace of expansion has accelerated through acquisitions, new offerings, and global growth initiatives. Recent milestones include integrating U.S. futures trading through the acquisition of NinjaTrader, launching equities and tokenized equity trading, and expanding into payments, savings, and investing via KRAK, a new global application. These developments reflect the company’s broader ambition to connect traditional financial markets with emerging digital and tokenized asset ecosystems.
Citadel Securities’ participation deepens Kraken’s access to liquidity and market-structure expertise, with the relationship expected to extend across risk management, technology capabilities, and advanced market insights. Leadership from both companies described the partnership as a pivotal step in shaping the next generation of financial infrastructure.
With new capital in hand, Kraken intends to scale its global operations, expand its regulatory footprint, and broaden its product offerings both organically and through targeted acquisitions. Planned initiatives include expansion across Latin America, Asia Pacific, and EMEA, as well as the development of new asset classes, advanced trading features, staking solutions, institutional tools, and enhanced payment services. These initiatives aim to fortify Kraken’s position at the convergence of traditional finance and open financial systems.
Kraken continues to emphasize transparency, security, and regulatory compliance, with a long-standing reputation as one of the world’s most secure and established crypto platforms. Its ecosystem spans more than 500 digital assets, U.S. futures, U.S.-listed equities, and six major national currencies, serving a global client base of institutions, professional traders, and consumers.
KEY QUOTES
“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.”
“Citadel Securities has helped define modern market structure for nearly 25 years, increasing efficiency, transparency and access for institutional and retail investors alike. We’re pleased to welcome the firm as an investor and look forward to benefitting from its deep expertise at the intersection of markets and technology.”
Arjun Sethi, Co-CEO of Kraken
“We’re excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in markets.”
Jim Esposito, President, Citadel Securities
