Tracked since July 17 at 02:01 · 5 analyses · Updated July 18 at 14:21
Citadel Securities invests $400M in Crypto.com at $20B valuation
Ken Griffin's Citadel Securities made its first-ever crypto investment: $400 million into Crypto.com at a $20 billion valuation. Funds earmarked for tokenized securities and derivatives.
- Citadel Securities invested $400M in Crypto.com.
- Valuation: $20 billion.
- First institutional funding round for Crypto.com since 2016.
- Capital for expansion into tokenized securities and derivatives.
A major traditional market maker entering crypto signals growing institutional confidence and could accelerate tokenization of traditional assets.