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Morning Edition · Saturday, July 18, 2026Published at 1:32 AM EDT · New York
Citadel Securities Now Backs Both Crypto.com and Kraken With $600 Million Combined
A $400 million stake in Crypto.com at a $20 billion valuation follows a $200 million investment in rival Kraken, as the market maker positions across the tokenized-securities race.
Citadel Securities now holds stakes in two competing crypto exchanges. The market maker invested $400 million in Crypto.com at a $20 billion valuation, its first institutional funding round in a decade, according to Bitcoin Magazine and con…
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Tokenized Equities Push Onto Public Blockchains
Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
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