Citadel Securities Invests $400 Million in Crypto.com as Valuation Reaches $20 Billion
Updated
Updated · Markets Media · Jul 16
Citadel Securities Invests $400 Million in Crypto.com as Valuation Reaches $20 Billion
3 articles · Updated · Markets Media · Jul 16
Summary
$400 million from Citadel Securities gives Crypto.com its first institutional funding round, valuing the crypto exchange and services group at $20 billion.
Crypto.com said the capital will speed its push across asset classes, especially tokenized securities and derivatives, as it tries to link digital-asset markets with traditional finance.
Citadel framed the deal as a bet on crypto's growing role as market infrastructure, with both companies pointing to a more institutional, 24/7 capital-markets model.
Founded in 2016, Crypto.com said the investment builds on a decade of regulatory and technology development as it expands new use cases including tokenized real-world assets and prediction markets.