Crypto.com said Thursday that it has secured a strategic $400 million investment from Citadel Securities, valuing the company at $20 billion in what is the first institutional funding round in its decade-long history.

The investment comes as the crypto industry undergoes rapid institutionalisation, with digital assets increasingly serving as fundamental infrastructure for capital markets. 

The funding is expected to accelerate Crypto.com’s expansion into all asset classes, including tokenised securities and derivatives, as the company seeks to bridge the gap between digital asset and traditional markets to create a more efficient, round-the-clock financial ecosystem.

“We are thrilled to work with Citadel Securities to continue…