Crypto exchange Crypto.com on Thursday announced it has secured a $400 million investment from global market maker Citadel Securities at a $20 billion valuation.

The funding is expected to support Crypto.com’s expansion across “all asset classes,” including tokenized securities and derivatives, the company said in a statement Thursday. “We are thrilled to work with Citadel Securities to continue driving the crypto industry into a new era of institutionalization,” said Kris Marszalek, co-founder and CEO of Crypto.com. “The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance.”