Citadel Securities to Invest $400 Million in Crypto.com at $20 Billion Valuation
Summary
- Citadel Securities will invest $400 million in Crypto.com.
- The deal values Crypto.com at $20 billion.
- Crypto.com said it plans to expand into security tokens, derivatives, prediction markets, and tokenized real-world assets (RWA) with the new funding.
Forecast Trend Report by Period
Citadel Securities will invest $400 million in Crypto.com.
CoinDesk reported on July 16 that the investment is the first institutional funding Crypto.com has secured since its founding in 2016. The deal values Crypto.com at $20 billion.
Crypto.com plans to use the proceeds to expand into security tokens and derivatives.
The company also said it is developing new products in prediction markets and tokenized real-world assets, or RWA.
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