Kraken has completed an $800 million funding round structured in two tranches to accelerate the firm’s strategy of integrating 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. A subsequent $200 million strategic investment was provided by Citadel Securities at a valuation of $20 billion.
Founded in 2011 and headquartered in San Francisco, Kraken operates a globally regulated infrastructure stack covering spot trading, derivatives, tokenized assets, staking and payments. Its vertically integrated platform includes exchange matching, custody, clearing and settlement, market data and wallet services, enabling rapid deployment of new asset classes while maintaining robust security and compliance standards.
Kraken has achieved sustained profitability, generating $1.5 billion in revenue in 2024 and exceeding that amount within the first three quarters of 2025. The influx of capital will support the firm’s plans to expand into Latin America, Asia-Pacific and EMEA, as well as to enhance its product suite with advanced trading tools, institutional-grade products, staking solutions and payment services that meet growing demand for regulated access to digital and tokenized assets.
In recent months, Kraken has pursued several strategic initiatives, including the acquisition of NinjaTrader to launch U.S. futures trading, the rollout of tokenized equities offerings and the introduction of KRAK, a global app for payments, savings and investing. Kraken Co-CEO Arjun Sethi stated that the involvement of market-making firms such as Citadel Securities and Jane Street underscores institutional confidence in the company’s infrastructure-first approach.
Citadel Securities President Jim Esposito commented that Kraken represents a key player in the next chapter of digital innovation across markets, with plans to collaborate on liquidity provision and risk management. Kraken’s $800 million raise marks a turning point for the exchange, which until now had secured only $27 million in primary capital since inception. The new funds are expected to accelerate the company’s roadmap to bridge traditional finance and blockchain technology at scale.
Comments (0)