Kraken raised $800 million across two tranches to accelerate our 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 significant 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.