Citadel Securities Takes $400 Million Stake in Crypto.com

Crypto.com secured a $400 million strategic investment from Citadel Securities , according to a Thursday (July 16 ) press release . The investment marks the first institutional funding round in the digital asset platform’s 10-year history and values the company at $20 billion, the release said. The capital injection is intended to accelerate the company’s expansion into new asset classes, specifically tokenized securities and derivatives, according to the release.