Citadel Securities has made a $400M strategic investment in Crypto.com at a $20B valuation — the exchange’s first institutional funding round in its decade-long history.

The capital will accelerate Crypto.com’s expansion into all asset classes — tokenized securities and derivatives — bridging digital assets with mainstream finance. “Crypto increasingly becomes the rails for finance,” said CEO Kris Marszalek. For Wall Street market-making giant Citadel Securities, it’s another deep step into crypto as TradFi and digital-asset rails converge.