OKX Gets New Funding From Circle, Standard Chartered at $25B Valuation
By Mathew Di Salvo
AI summary of the source article
Crypto exchange OKX announced a strategic funding round at a $25 billion pre-money valuation, drawing capital from major digital asset and financial firms including Circle, Ripple, QRT, and Standard Chartered's SC Ventures. OKX founder and CEO Star Xu stated the funding will support the company's expansion into a global financial technology platform and accelerate the tokenization of real-world assets. The round follows an earlier investment by Intercontinental Exchange, which partnered with OKX to create OKXICE, a joint venture that recently filed with the Securities and Exchange Commission to launch a 24/7 tokenized U.S. stock trading platform.
Why it matters
The funding brings together major traditional finance and digital asset firms to advance real-world asset tokenization and 24/7 trading infrastructure for traditional securities.
Key facts
- OKX raised new funding at a $25 billion pre-money valuation.
- Investors include Circle, Ripple, QRT, and Standard Chartered's SC Ventures.
- OKX's joint venture with Intercontinental Exchange, OKXICE, filed with the SEC to launch a 24/7 tokenized securities platform.