Behind the $1.15 billion funding of brokerage technology companies: the competitive upgrade of crypto trading infrastructure

2026-01-14 11:50:11

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【ChainNews】Big moves in the brokerage technology sector. A company focused on trading infrastructure has just completed a Series D funding round of $150 million, with its valuation soaring to $1.15 billion. The funding lineup is impressive — led by well-known venture capital firm Drive Capital, with participation from Citadel Securities, Kraken, and traditional financial giants like BNP Paribas Venture Capital, along with a $40 million credit line.

Regarding the company’s business, it covers a broad range: providing one-stop infrastructure for stock, ETF, and crypto asset trading. What does this mean? Institutions and enterprises can quickly build their trading capabilities without starting from scratch. Numbers don’t lie — annual recurring revenue has already exceeded $100 million, with strong growth momentum.

Interestingly, after this funding round, the company explicitly stated its goal to target the market share of industry-leading players. Competition in crypto asset trading infrastructure is heating up; those who can offer more stable and comprehensive services will attract more institutional clients. This competition may not be a bad thing for the entire ecosystem.

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ConfusedWhale

· 11h ago

Traditional finance and crypto are really starting to blur the lines—are even major banks investing? The infrastructure race just keeps going and going.

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HypotheticalLiquidator

· 11h ago

Looking at these funding numbers, I am reminded of the crazy wave in 2021... The competition in the infrastructure layer is heating up, indicating that the next leverage feast is coming. $150 million is not enough, with a borrowing limit of $40 million, this health factor is raising an alarm.

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