OKX Secures Additional Funding at $25 Billion Valuation
- OKX raised an undisclosed amount at a valuation of $25 billion from existing partners and investors.
- Participants in the funding round included Standard Chartered’s SC Ventures, Qube Research & Technologies, Ripple, and Circle.
- This investment follows a previous round in March where OKX raised $200 million from the Intercontinental Exchange (ICE).
- The new funds will support OKX’s transition into a broader financial technology platform.
- A joint venture between OKX and ICE recently filed to launch a tokenized stock trading platform with the SEC.
The fresh capital will enable OKX to integrate crypto technology with global financial standards, as stated by CEO Star Xu. This move aligns with their goal of becoming a comprehensive financial services provider.
With this latest funding round, which builds on the previous $200 million raise, OKX aims to enhance its offerings significantly within the financial sector.(Source)
