Crypto.com has secured a US$400 million investment from global market maker Citadel Securities.
The transaction values the company at US$20 billion and marks its first institutional funding round in a decade of operations.
Proceeds from the investment are expected to support Crypto.com’s expansion into new asset classes, including tokenised securities and derivatives.
Crypto.com said the funding will help bridge digital and traditional markets while supporting a 24/7 financial ecosystem.
The deal comes as traditional financial institutions increasingly engage with blockchain infrastructure and digital assets to improve capital market efficiency.
“The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance,”
said Kris Marszalek, Co-Founder and Chief Executive Officer of Crypto.com.
Marszalek added that Crypto.com is positioned to capture growth across asset classes after building its regulatory and technological infrastructure over the past decade.
Jim Esposito, President of Citadel Securities, highlighted the growing overlap between traditional finance and digital assets.
“Crypto.com has built a foundation to support the continued institutionalisation of the digital asset market, and we are pleased to collaborate with the Crypto.com team as we help create the capital markets of the future,”
said Esposito.
Featured image credit: Edited by Fintech News Singapore, based on image by diwdom5355 via Magnific
This article first appeared on Fintech News Switzerland