, Chicago-based Citadel Securities said Silicon Valley VC Sequoia led the round and took a minority stake in the firm alongside crypto-focused investment firm Paradigm.will join Citadel Securities’ board of directors, according to the announcement.
In a statement, Citadel Securities CEO Peng Zhao said the investment puts the firm “in an even stronger position” to help scale the business and broaden into new markets. The market maker, which helps facilitate high-volume trades by quoting prices and offering to buy and sell securities, said its institutional business serves more than 1,600 clients, including sovereign wealth funds and central banks.
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