US based crypto exchange operator Kraken has announced that it has raised $800 million across two tranches, to accelerate its strategy of bringing traditional financial products on-chain.

Kraken investors

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.

Kraken background

Founded in 2011, Kraken operates a globally scaled and regulated infrastructure stack that spans spot trading, derivatives, equities, tokenized assets, staking and payments. Kraken’s 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.

The company has demonstrated sustained profitability, generating $1.5 billion in revenue in 2024 and surpassing that figure within the first three quarters of 2025. With only $27 million in primary capital raised prior to this round, the company has built a resilient platform that unites traditional financial markets with the expanding world of digital and tokenized assets.

Kraken Co-CEO Arjun Sethi said,

“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.”

Expanding beyond crypto

Over the last several months, Kraken said it has meaningfully expanded its multi-asset ecosystem. Kraken integrated US futures trading through its acquisition of NinjaTrader, launched equities and tokenized equity trading, and introduced KRAK, a global app for payments, savings and investing.

The company said that this rapid pace of product development is enabled by its vertically integrated infrastructure and disciplined approach to compliance, reliability and security.

“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.

Citadel Securities’ collaboration with Kraken will include differentiated liquidity provision, risk management expertise and market structure insights.

“Citadel Securities has helped define modern market structure for nearly 25 years, increasing efficiency, transparency and access for institutional and retail investors alike,” Sethi continued. “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.”

Use of proceeds

With this additional capital, Kraken said it will continue scaling its global operations, deepening its regulated footprint and expanding the company’s product suite — both organically and through targeted acquisitions.

Kraken plans to enter new markets across Latin America, Asia Pacific and EMEA, while broadening its offerings beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.

These initiatives will give clients secure, efficient access to digital and tokenized assets while strengthening Kraken’s position at the intersection of traditional and open finance.