Citadel Announces $1.15B Investment from Sequoia and Paradigm Raising Valuation to $22B

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The partnership between Citadel, Sequoia, and Paradigm is expected to increase the rate of technological advancement, particularly in the Blockchain and financial sectors.

Citadel Securities, a leading global market maker that is active in more than 50 countries, has announced a $1.15 billion investment from Sequoia Capital and Paradigm. Consequently, Citadel has seen its market valuation spike to approximately $22 billion.

The round led by Sequoia saw investment from Sequoia Heritage, Sequoia Capital Global Equities, and the Global Growth Fund. Hereby, Sequoia Partner Alfred Lin is expected to join the Citadel Securities Board of Directors.

With clients from all over the world, the company has amassed over 1,600 institutional investors. Among them are central banks, insurance companies among other institutional investors.

In a note through a press release, Citadel Securities Chairman Ken Griffin said that its unique market approach has significantly transformed the global market. “In Sequoia and Paradigm, we have partners that appreciate how the strength of our market expertise, advanced predictive analytics and superlative software engineering can redefine an industry. We look forward to their partnership and to welcoming Alfred to our Board as Citadel Securities accelerates its growth,” he added.

The partnership between Citadel, Sequoia, and Paradigm is expected to increase the rate of technological advancement, particularly in the Blockchain and financial sectors. Institutional investors led in DeFi investment last year, with the trend  expected to continue in 2022. The opportunities are expected to widen further as governments steps in to regulate the technological and financial industries at large scale.

“As technological innovation in financial markets becomes only more important, we see enormous opportunities to meet the needs of our clients across more markets and more products,” said Citadel Securities CEO Peng Zhao.

What the Capital Sequoia and Paradigm Means for Citadel

The investment from Sequoia and Paradigm comes at a time when the global economy is experiencing huge shifts attributed to the Covid crisis and geopolitical uncertainty. Notably, Paradigm is focused on the greater crypto industry and the Web3-based companies.

Having invested such a notable amount of money, it only points out that more institutional investors are seeking crypto exposure both directly and indirectly.

“Citadel Securities has developed software and algorithms that have driven substantial improvement to market structures for the benefit of institutional and retail investors everywhere,” said Matt Huang, Co-Founder and Managing Partner of Paradigm. “We look forward to partnering with the Citadel Securities team as they extend their technology and expertise to even more markets and asset classes, including crypto.”

With key clients for the customers being Central Banks, analysts can only conclude that most governments are pro-crypto. Furthermore, the crypto industry promises to revolutionize the archaic financial system and increase global inclusiveness.

As a major global market maker, its investments are expected to affect the crypto market direction in both the short term and long term.

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Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
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