Kraken, the globally scaled digital asset platform founded in 2011, has secured a substantial $800m raise to support its ambition of bringing traditional financial products on-chain.
The firm, which operates a vertically integrated and regulated infrastructure stack, has rapidly expanded its multi-asset ecosystem in recent months.
The company said the new funding will accelerate its strategy to bridge traditional financial services with digital and tokenised assets.
Kraken operates across spot trading, derivatives, equities, tokenised assets, staking and payments. Its integrated architecture covers matching, custody, clearing, settlement, market data and wallet services, enabling rapid deployment of new asset classes while maintaining strict regulatory and security standards.
The $800m raise was completed in two tranches. The primary tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, with a significant commitment from the family office of Kraken co-CEO Arjun Sethi. A subsequent $200m strategic investment from Citadel Securities was signed at a $20bn valuation.
Kraken said the fresh capital supports continued expansion of its global operations, expansion of its regulated footprint and growth of its product suite. The company has demonstrated strong profitability, delivering $1.5bn in revenue in 2024 and surpassing that total within the first three quarters of 2025, despite raising only $27m in primary capital prior to this round.
The firm has recently broadened its ecosystem through several initiatives, including the integration of U.S. futures trading via its acquisition of NinjaTrader, the launch of equities and tokenised equity trading, and the release of KRAK, its global app for payments, savings and investing.
Future plans include market entries across Latin America, Asia Pacific and EMEA, alongside the introduction of new asset classes, advanced trading tools, additional staking solutions, expanded payment services and enhanced institutional capabilities.
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.
“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.”
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