Kraken Secures $500M to Accelerate IPO and TradFi Bridge

Kraken, one of the largest cryptocurrency exchanges globally, has raised $500 million in a strategic funding round as it prepares for a potential initial public offering (IPO) in early 2026. The move aims to bolster investor confidence, expand offerings, and bridge the gap between crypto and traditional finance. Strategic Funding and Kraken Funding Round Kraken completed a $500 million funding round, raising its valuation to $15 billion, up from $11 billion in 2022. Co-CEO Arjun Sethi emphasized that this capital will support long-term growth, enhance user services, and strengthen shareholder value while positioning the company for a potential IPO in early 2026 source: https://beincrypto.com/kraken-secures-500m-to-accelerate-ipo-and-tradfi-bridge/