- Kraken secured $800M in new capital, including $200M from Citadel Securities at a $20B valuation.
- The funding supports expansion, new products, and broader regulated access across multiple global regions.
- Kraken’s growth follows rising revenue, added futures trading, tokenized assets and its new KRAK payment app.
Kraken secured a new $200 million investment from Citadel Securities at a $20 billion valuation, its second major funding event in recent months and setting the stage for broader expansion ahead of its planned IPO next year.
The deal followed a $600 million raise in September at a $15 billion valuation, bringing total new capital to $800 million. According to the company, the funds will support global growth, new payment products, and balance-sheet reinforcement as it prepares for increased regulatory demands. This latest move follows a period of accelerated product development, creating a direct link between the company’s capital needs and its push into new markets.
Institutional Investors Boost Multi-Asset Expansion
Kraken stated that the primary tranche included commitments from Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital. The company also noted a significant commitment from Co-CEO Arjun Sethi’s family office.
This investment activity coincides with fast ecosystem expansion, notably through the integration of U.S. futures trading after acquiring NinjaTrader. This set the foundation for additional offerings, including equities and tokenized equity trading, which link the firm’s infrastructure to a broader financial landscape.
However, the company also introduced KRAK, a global app built for payments, savings, and investing. That rollout connects directly to its vertically integrated architecture, which includes custody, clearing, settlement, and wallet services. Kraken reported $1.5 billion in revenue for 2024 and exceeded that number within the first three quarters of 2025, pointing to sustained profitability before this capital raise.
Citadel Securities Establishes Strategic Collaboration
Citadel Securities’ $200 million commitment added a distinct layer to the raise. According to Citadel Securities President Jim Esposito, the firm aims to support Kraken’s development as it expands its multi-asset infrastructure.
This collaboration includes liquidity provision, risk management expertise, and market structure insights. The company said these elements align with its goal of expanding regulated access to digital and tokenized assets while scaling global operations.
Notably, this partnership follows Citadel Securities’ long participation in traditional market structure. Kraken stated that this alignment strengthens its ability to deploy new asset classes and reinforce its regulatory position while accelerating product expansion across major regions.
Expansion Plans Target New Markets and Services
Kraken plans to expand into Latin America, Asia Pacific, and EMEA as part of its next growth phase. The company also intends to broaden offerings beyond crypto, adding advanced trading tools, staking solutions, expanded payment services, and enhanced institutional capabilities.
These developments connect directly to its strategic use of vertically integrated infrastructure, which the company says supports fast deployment of new services and strengthens long-term product continuity.
