Crypto.com Secures $400 Million Investment from Citadel Securities | LeapRate
Crypto.com said Thursday that it has secured a strategic $400 million investment from Citadel Securities, valuing the company at $20 billion in what is the first institutional funding round in its decade-long history.
The investment comes as the crypto industry undergoes rapid institutionalisation, with digital assets increasingly serving as fundamental infrastructure for capital markets.
The funding is expected to accelerate Crypto.com’s expansion into all asset classes, including tokenised securities and derivatives, as the company seeks to bridge the gap between digital asset and traditional markets to create a more efficient, round-the-clock financial ecosystem.
“We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalization. The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance,” commented Kris Marszalek, Co-Founder and CEO of Crypto.com.
He added that, having built the “right regulatory and tech infrastructure over the last decade”, Crypto.com is now well-positioned to capture this new wave of growth across all asset classes.
Meanwhile, Jim Esposito, President of Citadel Securities, said the convergence of traditional financial markets and digital asset infrastructure “is an exciting evolution with the potential to further improve market efficiency.”
He stated that Crypto.com “has built a foundation to support the continued institutionalization of the digital asset market,” and that Citadel Securities is pleased to collaborate with the firm as it helps create the capital markets of the future.
