Hedge Fund Citadel Securities Invests $400 Million In Crypto.com

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Leading hedge fund Citadel Securities has invested $400 million U.S. in Crypto.com as part of a funding round that valued the digital asset exchange at $20 billion U.S.

Crypto.com has concluded its first institutional funding round since it was founded a decade ago, the company said in a news release.

Among the notable investors in the latest funding round for privately held Crypto.com was hedge fund Citadel Securities, led by well-known investor Ken Griffin.

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The funding comes as digital assets draw greater attention from Wall Street and traditional financial institutions.

Singapore-based Crypto.com said the capital will be used to help it accelerate its expansion into tokenized securities, derivatives and other asset classes.

Founded in 2016, Crypto.com is today one of the world's largest cryptocurrency platforms and has increasingly expanded into new institutional products alongside its retail trading business.

The company said it is developing new offerings in areas such as prediction markets and tokenized real-world assets (RWAs).

As a privately held company, the stock of Crypto.com does not trade on a public exchange.

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