Kraken completes $500 million financing with a valuation of $15 billion, led by Apollo Global Management, with participation from Oppenheimer, Jane Street, and others

ChainCatcher news, according to Reuters, informed sources revealed that Apollo Global Management, Oppenheimer, Jane Street, and HSG, formerly known as Sequoia Capital China, all participated in the recent funding round for the cryptocurrency exchange Kraken.

This funding round valued Kraken at $15 billion. Last month, Fortune magazine reported that Kraken completed a $500 million funding round, but Reuters was the first to disclose the identities of these major investors and financial industry participants. One source stated that Qube Research & Technologies, Kraken's co-CEO Arjun Sethi, and the venture capital firm Tribe Capital, co-founded by Sethi, also participated in this funding round, paving the way for Kraken to go public in the coming months.

Kraken is expected to confidentially submit its registration statement for an initial public offering (IPO) to the U.S. SEC by the end of the year and plans to go public in the first quarter of next year. One source added, however, that it is still unclear how the U.S. government shutdown might affect this timeline.