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Kraken is entering a new phase of global expansion after securing fresh capital that places the company at a valuation of $20 billion.
The update outlined how this raise will support the firm’s plans for 2026 and strengthen its position across regulated markets, tokenized products, and institutional services.
The company also linked the funding to its broader push into global regions, deeper derivatives activity, and new financial tools.
The announcement signalled a shift toward long-term growth supported by new infrastructure and a wider product lineup rather than short-term market conditions.
Kraken raised $800 million through two funding tranches.
The first tranche was led by major institutional players, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital.
The company added that Kraken Co CEO Arjun Sethi’s family office made a significant commitment to the round.
A further $200 million strategic investment came from Citadel Securities at the confirmed $20 billion valuation.
Kraken said the new capital will support its vertically integrated model that includes equities, derivatives, spot markets, tokenized assets, staking, custody, clearing, and payments.
The company had raised only $27 million in primary capital before this round and continued to operate profitably, reporting $1.5 billion in revenue for 2024 and surpassing that figure in the first three quarters of 2025.
Sethi posted on X that the raise reflected long-term conviction in the company’s strategy.
He noted that more than $100 million for the round came from his family office.
Kraken linked the funding to several important developments that took place across its ecosystem in recent months.
On Nov. 14, the company reported strong Q3 results that included $198 million in adjusted EBITDA, up 28% from the previous quarter, and more than $1.5 billion in revenue over the first nine months of 2025.
Kraken also completed its latest proof of reserves audit, confirming 1:1 plus backing for major assets.
This audit was the first to use distributed validator technology for Ethereum staking within the platform.
The company expanded its US derivatives presence through the acquisitions of NinjaTrader and Small Exchange.
Small Exchange was a $100 million transaction finalised in early October.
These acquisitions give traders new ways to access crypto-connected futures in addition to existing stock and commodity contracts.
To support high-frequency and institutional traders, Kraken introduced a new colocation service in partnership with Beeks Exchange Cloud.
The company said this upgrade offers faster and more direct trading connectivity.
Kraken outlined its next steps across key regions as it works toward its 2026 strategy.
The company plans to enter new markets in Latin America, the Asia Pacific region, and EMEA.
Kraken said these expansions will coincide with the launch of new asset types, upgrades to staking services, and new trading features that widen customer use cases.
The company also plans to strengthen its payments network and expand its institutional product suite.
Kraken said these steps will help bridge traditional and open finance through regulated global infrastructure.
Kraken positioned the new funding as part of a broader plan to support a growing financial ecosystem that connects regulated markets, tokenized assets, and cross-border financial services.
The company said its vertically integrated approach provides the structure needed for sustainable product development and regional expansion.
The funding also helps the firm invest in infrastructure, compliance systems, and service lines that support both retail and institutional customers.
Kraken said it aims to use this momentum to build a wider presence across global markets while continuing to advance tokenized financial products and regulated trading.
Kenneth Griffin, founder and CEO of Citadel, disclosed a 4.5% beneficial ownership stake in DeFi Development Corp, a Nasdaq-listed firm that adopted the Solana
SOL
$178.5
24h volatility:
6.0%
Market cap:
$97.75 B
Vol. 24h:
$7.56 B
treasury reserve strategy in April 2025, according to a Schedule 13G filing with the SEC.
The filing revealed Griffin’s indirect ownership through Citadel Advisors LLC and affiliated entities, totaling 1,315,654 shares, with another 4.5% stake owned directly by the fund through its subsidiaries.
DeFi Development Corp’s business model focuses on acquiring and staking Solana tokens, a strategy designed to combine long-term capital appreciation with consistent staking yield. By locking in newly purchased SOL, the company not only secures a passive income stream but also contributes to network security and validator activity within the Solana blockchain ecosystem.
Solana treasury holdings as of Oct. 22, 2025 | source: Coingecko
According to CoinGecko data, DeFi Development Corp currently holds 2,195,926 SOL, representing approximately 0.402% of Solana’s circulating supply. The company acquired its Solana holdings at an estimated $236.5 million, which are now valued at approximately $395.3 million, reflecting a 67% unrealized gain.
Solana price is trading at $179 at press time, up 370% since DeFi Corp began acquiring SOL in April 2025.
Solana price hovered near $179 on Wednesday, forming a classic double-bottom reversal pattern on the 12-hour chart that signals a potential bullish rebound. The pattern, marked by two local lows at the $175 and $170 level, indicates strong support just below current price levels.
A sustained close above the neckline resistance near $190.82 could confirm a bullish reversal, while a validation of the double bottom signal will require a 45% upside move from current levels.
Solana Technical Price Analysis | Source: TradingView, Oct. 22
Other key indicators also support the optimistic Solana price forecast. The MACD histogram has narrowed, suggesting waning bearish momentum, while the RSI at 41.5 shows Solana nearing oversold territory, which could signal entry moves from traders looking to buy at a local bottom.
If Solana breaches $210 with strong volume, the double-bottom signal points to a potential rally above $250. However, failure to maintain support above $171.41 could invalidate the bullish formation, potentially sending prices back toward $160.
Citadel’s indirect investment in Solana has sparked renewed investor interest in early-stage projects like SUBBD.
SUBBD deployed advanced AI tools to bridge the gap between influencers, brands, and their global online communities.
SUBBD Presale
The ongoing SUBBD presale has surged past $1.45 million of its $1.6 million target, with tokens currently priced at $0.058. With the next pricing tier approaching in less than 24 hours, early participants can visit the official SUBBD presale website to secure up to 20% staking rewards before the next round begins.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
Citadel Securities, a $64 billion asset manager, is preparing to enter the cryptocurrency market by offering crypto trading and liquidity services.
This strategic shift comes as Rezolve Ai, a leading AI-driven commerce solutions provider, announces a $1 billion Bitcoin treasury program. The two developments signal growing institutional interest in digital assets, positioning both firms at the forefront of the evolving financial landscape.
Citadel Securities is set to offer cryptocurrency trading and become a liquidity provider on major exchanges, including Coinbase, Binance, and Crypto.com, according to Bloomberg. The firm aims to establish market-making teams outside the United States while awaiting regulatory clarity.
This move marks Citadel’s first direct entry into the retail crypto market, although it has previously collaborated with Charles Schwab and Fidelity Investments to create EDX Markets, an institution-only crypto exchange that launched in 2023.
Sources revealed that Citadel had been cautious about entering the crypto space but has reconsidered due to a favorable regulatory environment under Donald Trump’s administration, which prioritizes cryptocurrency integration into the US economy. The company is also advocating for clearer rules around digital asset investments to facilitate institutional participation.
Rezolve Ai announced a $1 billion Bitcoin treasury program, starting with an initial investment of $100 million. The initiative aims to support the commercialization of its upcoming AI-powered crypto payment platform, developed in collaboration with Tether. This move follows Strategy’s decision to buy some more 20,356 BTC for $1.99 aligning with the “21/21 Plan.”
The platform is designed to enable seamless transactions using Bitcoin, Tether, and other digital assets for consumers and retailers.
The Bitcoin treasury will serve as a financial backbone for Rezolve Ai’s payment solution, offering liquidity and flexibility as the company scales its operations. The company’s CEO, Daniel M. Wagner, stated,
“Our $1 billion Bitcoin treasury is the fuel that will power our initiative with Tether, enabling seamless, AI-driven crypto payments for retailers and consumers worldwide.”
Rezolve Ai’s move to establish a substantial Bitcoin reserve as a result aligns with a broader trend among companies using digital assets as a hedge against inflation and currency devaluation. The company emphasized Bitcoin’s liquidity and global acceptance as reasons for its strategic investment.
The treasury will be managed under a structured framework to ensure security and transparency, with assets held in escrow accounts governed by defined protocols. Concurrently, DekaBank, one of Germany’s financial institutions and has launched crypto trading and custody services for its institutional clients.
Meanwhile, Citadel’s decision to offer crypto trading reflects growing confidence in the digital asset market, especially with increasing regulatory support. The firm is preparing to become a key liquidity provider, ensuring efficient buying and selling of digital assets, much like its operations in equities and fixed income.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
CEO Kenneth Griffin says the firm is not ready to take on regulatory risk just yet
Citadel Securities, a global hedge fund company based in the United States, has not bought or traded cryptocurrencies because the crypto space still faces a lot of regulatory uncertainty.
This is the view of Ken Griffin, the company’s founder and Chief Executive Officer.
Griffin said this during an interview cited by Reuters.
“We just aren’t involved today,” he ventured as he opened up on why the multinational firm has not followed other hedge funds into adding Bitcoin and other crypto assets to their portfolios.
According to the billionaire investor, he doesn’t want to “take on the regulatory risk” given the uncertainty — even if some of the leading companies in the investment space are already doing so.
Speaking to the Economic Club of Chicago, Griffin pointed to the need for the proper regulation of cryptocurrencies, citing Gary Gensler’s recent comments on the matter.
Gensler, the Chair of the US Securities and Exchange Commission (SEC), recently said that the regulator was keen on crypto regulation, with so many firms on the sidelines likely to be encouraged into crypto if there’s clarity around the issue.
Griffin is not shy in stating his position as being largely unsupportive of cryptocurrencies. However, he thinks Citadel will find it easy to invest in crypto if regulation brings more competition into the market.
According to him, having clarity in the market will weed out aspects that make crypto unattractive to some big-money investors. This, in his view, will come about as a result of the market becoming “smaller” and thus attractive to major players from the mainstream market.
Growth within the digital assets sector has seen many crypto enthusiasts point to the potential for cryptocurrencies to replace the US dollar and national currencies in other countries,
El Salvador’s adoption of Bitcoin as legal tender would be a good example of this possibility. But Griffin is unconvinced, equating concerns about the US dollar with a “jihadist call” and “crazy concept”.
Despite this, Griffin acknowledges that Citadel will likely enter the crypto market if the space is properly regulated.
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