Kraken announced its raised $800 million across two tranches to accelerate its strategy of bringing traditional financial products on-chain. The primary tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a significant commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation.
Founded in 2011, Kraken operates a globally scaled and regulated infrastructure stack that spans spot trading, derivatives, equities, tokenized assets, staking and payments. Our vertically integrated architecture — covering exchange matching, custody, clearing, settlement, market data and wallet services — allows rapid deployment of new asset classes and features while maintaining industry-leading security and regulatory rigor.
“This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system,” Sethi said in a statement. “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.”
Over the last several months, Kraken has integrated US futures trading through the acquisition of NinjaTrader, launched equities and tokenized equity trading, and introduced KRAK, a global app for payments, savings and investing.
“We’re excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in markets,” said Citadel Securities president Jim Esposito, in a statement. Citadel Securities’ collaboration with Kraken will include differentiated liquidity provision, risk management expertise and market structure insights.
The additional capital is earmarked for scaling global operations, deepening regulated footprint and expanding its product suite — both organically and through targeted acquisitions. Kraken plans to enter new markets across Latin America, Asia Pacific and EMEA, while broadening beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.
Read our interview with Kraken’s head of Exchange, Shannon Kurtas