We are excited to announce that we have raised $800 million in two tranches to accelerate our strategy to bring traditional financial products on-chain.
The lead tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, as well as significant engagement from the family office of Kraken co-CEO Arjun Sethi.
An agreement for a subsequent strategic investment of $200 million from Citadel Securities has been signed at a valuation of $20 billion.
Founded in 2011, we operate a globally regulated infrastructure stack that spans spot trading, derivatives, equities, tokenized assets, staking and payments. Our vertically integrated architecture – spanning exchange matching, custody, clearing, settlement, market data and portfolio services – enables rapid deployment of new asset classes and features while maintaining industry-leading security and regulatory rigor.
We have demonstrated sustained profitability, generating $1.5 billion in revenue in 2024 and surpassing that figure in the first three quarters of 2025. With only $27 million in primary capital raised before this round, the company has built a resilient platform that unites traditional financial markets with the expanding world of digital and tokenized assets.
“This investment represents a long-term conviction in Kraken’s mission to build a trusted, regulated infrastructure for the open financial system,” Sethi said. “Our goal has always been simple: to create a platform where anyone can trade any asset, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunities ahead and the depth of alignment on how this infrastructure should be built.”
Over the past few months, we have significantly expanded our multi-asset ecosystem. We integrated futures trading in the United States through our acquisition of NinjaTrader, launched tokenized stocks and shares trading, and introduced KRAK, a global application for payments, savings and investing.
This rapid pace of product development is made possible by our vertically integrated infrastructure and disciplined approach to compliance, reliability and security.
“We are excited to support Kraken’s continued growth as it helps shape the next chapter of digital innovation in the markets,” said Jim Esposito, President of Citadel Securities.
Citadel Securities’ collaboration with Kraken will include differentiated liquidity provision, risk management expertise and market structure insights.
“Citadel Securities has helped define a modern market structure for nearly 25 years, increasing efficiency, transparency and access for institutional and retail investors,” Sethi continued. “We are delighted to welcome the company as an investor and look forward to benefiting from its deep expertise at the intersection of markets and technology.
With this additional capital, we will continue to grow our global operations, deepen our regulated footprint and expand our product offering, both organically and through targeted acquisitions.
We plan to enter new markets in Latin America, Asia Pacific and EMEA, while expanding our offering beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.
These initiatives will provide customers with secure and efficient access to digital and tokenized assets while strengthening our position at the intersection of traditional and open finance.
