The OKX received a new strategic investment from Circle, Ripple, Qube Research & Technologies (QRT) and SC Ventures, the investment arm of Standard Chartered, in a transaction that values the crypto platform at US$ 25 billion before the investment. The amount invested was not disclosed.
Announced on Tuesday, the 6th, the transaction expands the round started in March with Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. The valuation remained at US$ 25 billion, reinforcing OKX's closer ties with companies linked to stablecoins, liquidity and institutional financial infrastructure.
The four new investors already had business relationships with the company. Circle is responsible for the USDC, while Ripple has its stablecoin RLUSD integrated into the platform. QRT acts as an institutional counterparty and liquidity provider, and Standard Chartered participates in the custody infrastructure used by OKX in transactions involving tokenized assets.
Round expands partnership started with NYSE owner
The new investment is an extension of the investment made by ICE in March, when the parent company of the NYSE acquired a stake in OKX at the same US$ 25 billion valuation. The value of the transaction was not officially disclosed, although Bloomberg reported at the time that the investment was around US$ 200 million.
The partnership with ICE also put traditional market infrastructure at the center of OKX's strategy. The two companies have been working on initiatives involving crypto price data, regulated futures and tokenized stock trading, subject to regulatory approval in the United States.
With the entry of Circle, Ripple, QRT and SC Ventures into its investor base, OKX brings its main operating partners even closer to its capital structure. The company said it intends to use the new financing to continue its expansion and develop infrastructure for tokenized real-world assets and onchain markets.
