Citadel Invests $200 Million in Crypto: Wall Street Makes Its Newest Move Toward Digital Assets

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Citadel Invests $200 Million in Crypto: Wall Street Makes Its Newest Move Toward Digital Assets

Bitget-RWA2025/11/19 10:26

By:Bitget-RWA

- Kraken secures $800M in funding at $20B valuation, led by Citadel Securities and institutional investors. - Funds will expand tokenized assets, derivatives, and global operations in Latin America, Asia-Pacific, and EMEA. - Citadel's $200M investment highlights Wall Street's growing trust in regulated crypto infrastructure and market integration. - Kraken's $1.5B+ 2024 revenue and $198M Q3 EBITDA underscore its financial stability amid favorable U.S. regulatory shifts. - Jane Street and DRW's participatio

Kraken, recognized as one of the leading global cryptocurrency exchanges, has obtained $800 million in new funding, pushing its valuation to $20 billion as it intensifies efforts to merge conventional financial systems with blockchain advancements. Announced on November 18, 2025, the funding round features a $200 million strategic investment from Citadel Securities, highlighting increasing institutional trust in regulated crypto exchanges and strengthening connections between digital asset companies and major Wall Street entities

according to reports

The capital was raised in two separate phases. The first phase, led by institutional backers Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, also included

a substantial investment

from the family office of Kraken’s Co-CEO Arjun Sethi. In the second phase, Citadel Securities contributed $200 million at the $20 billion valuation, a number that demonstrates Kraken’s growing influence in derivatives, tokenized assets, and international markets

as data shows

. Since its founding in 2011, the exchange had previously raised only $27 million in primary funding, but it

generated $1.5 billion in revenue in 2024

and exceeded that amount within the first nine months of 2025.

Citadel Invests $200 Million in Crypto: Wall Street Makes Its Newest Move Toward Digital Assets image 0

Kraken intends to allocate the new funds to expand its presence in Latin America, Asia Pacific, and the EMEA region, while also broadening its product lineup to include tokenized stocks, staking options, and advanced trading solutions for institutions. The company also revealed

the acquisitions of NinjaTrader and Small Exchange

to enhance its U.S. derivatives business. Arjun Sethi pointed out that this investment signals “enduring belief in Kraken’s vision” and highlighted the exchange’s fully integrated infrastructure—covering custody, clearing, and payments—as a major competitive advantage

according to analysis

Citadel Securities’ investment, coming from a leading market maker, involves collaboration on liquidity, risk management, and insights into market structure. Citadel President Jim Esposito described Kraken as “an essential force in the evolution of digital markets,” emphasizing its pivotal role in connecting traditional finance with the crypto sector

as reported

. This collaboration follows Citadel’s involvement in Ripple’s $500 million fundraising earlier in the month, reflecting a broader approach to partner with regulated crypto exchanges

according to industry reports

Despite ongoing speculation about a potential IPO, Kraken currently has no plans to go public. Sethi told Yahoo Finance that the company is “in a strong financial position” and is focused on sustainable growth rather than quick exits, especially as the U.S. regulatory environment becomes more supportive

according to statements

. The exchange’s latest Q3 performance, which included $198 million in adjusted EBITDA and a 28% increase in revenue from the previous quarter, further demonstrates its financial strength

as data shows

This funding round also marks a notable change in investor attitudes toward crypto infrastructure. Both Jane Street and DRW, prominent figures in traditional finance, have increased their involvement in digital assets, with Jane Street supplying $1.7 billion in

Bitcoin

ETF liquidity in late 2024

as reported

. Their support for Kraken signals a wider acceptance of regulated digital asset platforms as mainstream financial instruments.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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