Kraken received $800 million to introduce traditional financial products into the blockchain

Crypto exchange Kraken has announced that it has raised $800 million in two stages to accelerate the transition of traditional financial products to the blockchain environment. The first stage of funding was provided by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, as well as a significant contribution from Kraken's co-CEO Arjun. In addition, an additional $200 million in strategic investment from Citadel was secured.

Source Kraken

Founded in 2011, the company has demonstrated stable profitability, generating $1.5 billion in revenue in 2024. Kraken has a vertically integrated infrastructure, including spot trading, derivatives, and tokenized assets, and is able to quickly launch new financial products. Investors point to the significant potential for cooperation with Kraken, as well as the diversification of the company's product portfolio, covering new markets and assets.

To drive further growth, Kraken plans to expand its operations in Latin America, Asia Pacific, and the European Economic Area, offering new trading instruments, staking solutions, and enhanced payment services. These initiatives will provide clients with secure and efficient access to digital and tokenized assets, strengthening the company's position at the crossroads of traditional and emerging financial markets.