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Citadel Securities invests $400 million in Crypto.com at $20 billion valuation

The strategic funding round will support Crypto.com’s push into tokenized securities and derivatives, extending the exchange’s bid to bridge traditional and digital markets.

Reported · Written up by our desk · Market Structure

CoinDesk and The Block report that Citadel Securities is investing $400 million in Crypto.com, valuing the Singapore-based cryptocurrency exchange at $20 billion.

The funding is Crypto.com’s first institutional fundraising round since the platform launched in 2016, and the exchange said it will use the capital to expand into tokenized securities, derivatives, and other asset classes.

Crypto.com said the investment will accelerate its development of around-the-clock trading infrastructure aimed at linking traditional and digital finance as tokenized assets attract more attention.

CoinDesk also notes the broader shift of Wall Street firms increasing involvement in crypto trading and custody since spot bitcoin ETFs began in January 2024, with Crypto.com positioning tokenization and derivatives as part of that convergence.

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