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Kraken has announced an $800 million capital raise across two tranches to accelerate its strategy of bringing traditional financial products on-chain. The primary tranche was led by institutional investors, including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, along with a commitment from Kraken Co-CEO Arjun Sethi’s family office. An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation. This is a 33% valuation increase in under two months from the initial tranche. Profitable Operations Enable Expansion Founded in 2011, Kraken operates a globally scaled and regulated infrastructure spanning spot trading, derivatives, equities, tokenized assets, staking, and payments. Kraken has shown sustained profitability and generated $1.5 billion in revenue in 2024 and surpassed that figure within the first three quarters of 2025.