Kraken has filed a confidential draft registrationstatement with the U.S. Securities and Exchange Commission (SEC) for a proposedinitial public offering (IPO).Digital assets meet tradfi in London at the fmls25The crypto exchange has not yet disclosed the numberof shares or price range for the offering, which will proceed once the SECreview is complete and market conditions are favorable.The filing follows an $800 million funding round thatvalued Kraken at $20 billion. The round included a $200 million strategicinvestment from Citadel Securities, alongside primary investments from firmssuch as Jane Street and DRW Venture Capital.Expanding Product OfferingsSince its founding in 2011, Kraken has grown into amajor digital asset platform. Clients can trade more than 450 cryptocurrencies,U.S. futures, U.S.-listed stocks and ETFs, and fiat currencies.The platform offers several services, including KrakenPro, Kraken Institutional, Kraken Onchain, and the Kraken App. Kraken is preparing to enter public markets after asignificant capital injection that has valued the cryptocurrency exchange at$20 billion. The company, formally known as Payward, Inc., hasconfidentially submitted a draft registration statement with the U.S.Securities and Exchange Commission (SEC) for a proposed initial public offering(IPO).The exact number of shares and pricing for the IPOhave not been finalized, and the offering will proceed after the SEC completesits review and market conditions allow.Read more: Kraken Lands $800M Only a Month after Acquiring IG Subsidiary for US Derivatives PushThis move comes immediately following an $800 millionfunding round, which included a $200 million strategic investment from CitadelSecurities. Other investors in the round included Jane Street and DRW VentureCapital.Expanding a Diverse Trading PlatformIts platform allows clients to trade over 450 digitalassets, U.S. futures, U.S.-listed stocks and ETFs, as well as fiat currencies. The company offers multiple services including KrakenPro, Kraken Institutional, the Kraken App, Kraken Onchain, and NinjaTrader, aretail futures trading platform acquired in May 2025 for $1.5 billion.The acquisition of NinjaTrader expands Kraken’s reachinto traditional futures markets and diversifies its offerings beyond crypto. Kraken clients can buy, sell, stake, earn rewards,send and receive assets, custody holdings, and access advanced trading andportfolio management tools.Kraken has consistently emphasized transparency andsecurity, becoming the first crypto platform to conduct Proof of Reserves. The company complies with applicable laws whileactively protecting client privacy and maintaining strict security standards.Industry observers note that the IPO follows a trendof successful public offerings by digital asset companies this year, includingstablecoin issuer Circle and Gemini, the crypto exchange founded by theWinklevoss twins. This article was written by Jared Kirui at www.financemagnates.com.