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Crypto.com has secured a $400 million investment from Citadel Securities, marking the first institutional funding round in the Singapore-based cryptocurrency platform’s history. The deal values the company at $20 billion.

Founded in 2016, Crypto.com operates a digital asset trading platform that serves more than 150 million users globally. The platform allows retail investors to buy, sell, and track over 400 cryptocurrencies. It also provides a digital wallet along with other decentralized finance services.

Where the money is going

Crypto.com said the funding will fuel its “expansion into all asset classes, including tokenised securities and derivatives.” The company has not disclosed specific timelines or product details for those plans.

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Kris Marszalek, co-founder and CEO, described the opportunity as “staggering” in a statement. “As crypto increasingly becomes the rails for finance,” he said, “the size of the opportunity in front of us is staggering.” Marszalek added that the company has “built the right regulatory and tech infrastructure over the last decade” and is “now perfectly positioned to capture this new wave of growth across all asset classes.”

The cash injection comes after Crypto.com received conditional approval from the Office of the Comptroller of the Currency in February for a national trust bank charter in the U.S. The company first applied for that charter in October 2025. The proposed banking entity will be named Foris Dax National Trust Bank and will trade as Crypto.com National Trust Bank.

For a company that has historically relied on retail trading fees and venture capital from earlier rounds, this deal signals a shift. The involvement of Citadel Securities — one of the largest market-making firms in traditional finance — suggests that institutional investors see long-term value in crypto infrastructure, not just speculative trading. That may matter more to the average user than the headline valuation because it points to deeper liquidity and potentially more stable service down the road.

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Regulatory progress in the UK and US

This regulatory milestone builds on earlier authorization in the UK. Crypto.com obtained an electronic money institution license from the Financial Conduct Authority in 2023, allowing it to offer certain payment and wallet services under British oversight.

The dual regulatory progress — a trust bank charter in the U.S. and an EMI license in the UK — gives the platform a more formal footing in two of the world’s largest financial markets. That matters for a company that has faced questions about compliance and security in the past.

Its push into tokenized securities and derivatives puts Crypto.com in direct competition with established players like Coinbase and Binance, as well as traditional brokerages that are slowly adding crypto products. The $400 million from Citadel Securities gives it a war chest to pursue that expansion, but it also raises expectations. Investors will be watching whether the company can turn regulatory approvals and fresh capital into actual revenue growth, especially as crypto markets remain volatile and regulatory scrutiny continues to evolve globally.