Major U.S. Crypto Platform Raises $800 Million to Bring Traditional Finance On-Chain

A leading U.S.-based cryptocurrency infrastructure provider has secured $800 million in new funding across two tranches to accelerate its roadmap of integrating traditional financial products with blockchain technology.

The primary round was led by prominent institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, alongside a substantial commitment from the co-CEO’s family office. A separate agreement for a $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation.

Business Overview and Financial Performance

Founded in 2011, the company operates a globally scaled, regulated stack that encompasses:

• Spot trading
• Derivatives
• Equities
• Tokenized assets
• Staking
• Payments

Its vertically integrated architecture — covering matching engine, custody, clearing, settlement, market data, and wallet services — enables rapid deployment of new asset classes while maintaining high security and regulatory standards.

The firm has demonstrated consistent profitability, generating $1.5 billion in revenue in 2024 and surpassing that figure within the first three quarters of 2025. Prior to this round, it had raised only $27 million in primary capital.

Leadership Statement

Co-CEO Arjun Sethi commented: “This investment represents long-term conviction in our mission to build trusted, regulated infrastructure for the open financial system. Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere. The caliber of our new investors reflects both the scale of the opportunity ahead and the depth of alignment around how this infrastructure should be built.”

Strategic Outlook

The capital will be used to expand on-chain offerings of traditional financial instruments, deepen institutional-grade tooling, and continue bridging conventional markets with digital and tokenized assets.

In summary, the $800 million raise — including a $200 million tranche at a $20 billion valuation — underscores strong institutional confidence in the convergence of traditional finance and blockchain infrastructure as the sector enters its next growth phase.