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Bloomberg, CoinDesk, Unchained, and multiple other outlets corroborate OKX's $25B pre-money funding from Circle, Ripple, SC Ventures, and Qube Research.

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Home/Markets/OKX Secures Backing at $25 Billion Pre-Money Valuation
VERIFIEDBy Xavier Rivera· ·1 min read

OKX Secures Backing at $25 Billion Pre-Money Valuation

OKX attracted investment at a $25 billion pre-money valuation from Circle, Ripple, Standard Chartered’s venture arm and Qube Research. The round builds on prior support from Intercontinental Exchange and advances the firm’s tokenized asset and platform expansion plans.

Source:Decrypt
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OKX Secures Backing at $25 Billion Pre-Money Valuation
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TL;DRAI · 60 sec read

OKX secures fresh capital from Circle, Ripple, Standard Chartered’s venture arm and Qube Research at a $25 billion pre-money valuation, with the amount undisclosed. The round follows an earlier commitment from Intercontinental Exchange at the same level. Strategic ties with these investors support OKX’s move toward integrated financial services.

OKX obtained fresh capital from Circle, Ripple, Standard Chartered’s venture arm and Qube Research, reaching a $25 billion pre-money valuation. The sum involved stayed undisclosed.
Star Xu framed the exchange as an initial step toward a wider technology platform that lets users store, use, invest and expand holdings within a single environment.
Strategic investors bring prior connections to the exchange. The financing round follows an earlier commitment from Intercontinental Exchange at an identical valuation. Circle produces USDC while Ripple manages payments and issues RLUSD. Standard Chartered maintains holdings that back BlackRock’s tokenized Treasury product through an OKX partnership. Qube already supplies trading services to the platform.
POST FROM @okx· official announcement tweet matching the funding round details exactly
https://x.com/okx/status/2107512457447272675
Founder describes move toward integrated financial services. Star Xu framed the exchange as an initial step toward a wider technology platform that lets users store, use, invest and expand holdings within a single environment. Acquiring positions in entities that control essential components offers an alternative to internal development.
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Joint venture advances continuous tokenized equity trading. OKXICE submitted filings to enable nonstop trading of tokenized shares in 63 U.S. companies on the OKX chain with stablecoin settlement. During the same period the firm introduced a retail application that yields 10 percent on dollar-pegged stablecoins.
Macquarie observed that sufficient liquidity will decide whether reliable pricing holds during off-hours sessions.
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Sector peers pursue comparable infrastructure strategies. Kraken’s parent company and Coinbase have placed parallel bets that link tokenized equities with perpetual contracts and nonstop trading. Macquarie observed that sufficient liquidity will decide whether reliable pricing holds during off-hours sessions.
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