Citadel Securities closes $1.15 billion funding round at $22 billion valuation

余YU

读者

2022-01-12 05:11

This article is about 939 words, reading the full article takes about 2 minutes

If cryptocurrencies are regulated, Citadel Securities will provide trading services.

This article comes fromThe Block, original author: Yogita Khatri

Odaily Translator |

This article comes from, original author: Yogita KhatriOdaily Translator |

Quantitative trading giant

Citadel Securities announced on Tuesday

Completed a financing of US$1.15 billion at a valuation of US$22 billion, led by Sequoia Capital and participated by Paradigm.This is Citadel Securities' first external financing since its founding in 2001. Sequoia invests in it through its three funds, Sequoia Heritage, Sequoia Capital Global Equities, and Global Growth Fund.。

As part of the deal, Sequoia Partner Alfred Lin will join Citadel Securities' board of directors. Citadel Securities and hedge fund Citadel are both founded by Ken Griffin, but they are separate firms.Citadel Securities is a leader in global market makers, processing nearly 30% of trades in the United States, including equities, fixed income and other assets.One of Citadel Securities' largest clients is Robinhood

With fresh funding, Citadel Securities plans to continue its global expansion. according to

The Wall Street Journal reports, the company is also likely to go public, although it has no immediate plans to do so.Peng Zhao, CEO of Citadel Securities, said in the announcement, "As technological innovation in financial markets becomes more important, we see a huge opportunity to meet client needs in more markets and more products. We have partnered with Sequoia, The Paradigm partnership positions us even better as we continue to scale our business, expand into new markets and attract the world's best talent."

Citadel Securities does not currently trade cryptocurrencies due to regulatory uncertainty. The company's founder, billionaire

Ken Griffin once said, regardless of his personal views on cryptocurrencies, Citadel Securities will trade them if they are regulated.Matt Huang, co-founder and managing partner of Paradigm, said, "We look forward to working with the Citadel Securities team as they expand their technology and expertise to more markets and asset classes, including crypto."