Kraken, a major digital asset exchange, announced that it has raised USD 800 million across two tranches to accelerate its push into regulated, multi-asset financial infrastructure. The round includes a diverse group of institutional investors and a strategic investment from Citadel Securities. The company positions this raise as a way to scale its global presence and expand well beyond its origins as a crypto exchange.

A closer look at the funding round

The first tranche features participation from Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. Kraken also highlights a meaningful contribution from co CEO Arjun Sethi’s family office. The second tranche adds a USD 200 million investment from Citadel Securities at a USD 20 billion valuation.

Kraken reports USD 1.5 billion in revenue for 2024 and says it surpassed that figure within the first three quarters of 2025. Until now the company had raised only around USD 27 million in primary capital. The scale of the new round marks a significant shift toward long term expansion rather than incremental growth.

What Kraken plans to build next

Kraken describes its technology stack as vertically integrated across matching, custody, clearing, settlement, market data and wallet services. The company intends to use the new capital to deepen its regulated footprint and bring its services to more regions, with Latin America, Asia Pacific and EMEA referenced as priorities.

The roadmap also points toward a broader product suite. Kraken intends to expand services across tokenised assets, equities, staking, payments and more advanced institutional tools. The partnership with Citadel Securities is positioned as a source of liquidity provision, risk management expertise and traditional market structure insights.

Why this matters for digital finance

This raise signals continued movement toward institutional grade digital asset infrastructure. Investors appear to be backing models that integrate regulatory readiness, infrastructure ownership and global scalability. The size of the round also shows that Kraken expects future growth to depend on regulated access to more asset classes, not only crypto assets.

For fintech builders, this development emphasises the importance of credible infrastructure, strong regulatory foundations and partnerships that bridge the gap between new digital markets and long standing financial practices.

Key takeaways for fintech startups

• Capital efficient execution still matters. Kraken scaled revenue with very little external funding prior to this round.
  
  
• Owning critical infrastructure makes it easier to introduce new asset classes and maintain service reliability.
  
  
• Collaborating with established financial players can accelerate liquidity access and institutional trust.
  
  
• Global expansion requires significant capital and a strong regulatory strategy.
  
  
• Investor interest continues to shift toward regulated digital asset infrastructure rather than purely speculative products.

If your fintech wants to navigate strategy, regulation or investor readiness in the digital asset space, Your Fintech Story can help shape a plan that supports long term growth. Get in touch.