OKX Maintains $25 Billion Valuation with New Funding Round
- Crypto exchange OKX raised new funding at a $25 billion valuation, consistent with its March round.
- Participants in the funding include Circle Internet Group, Ripple, and Standard Chartered’s SC Ventures.
- Qube Research & Technologies joined the cap table for the first time.
- OKX’s joint venture with ICE is seeking approval to offer tokenized stock in up to 63 U.S. companies.
- The SEC’s innovation exemption allows trading of tokenized U.S. equities on public blockchains without registering as national securities exchanges for up to five years.
OKX has successfully secured additional capital while maintaining its valuation at $25 billion, indicating investor confidence in its market position and future prospects in digital assets and tokenized securities markets.
The involvement of major financial entities like Circle, Ripple, and Standard Chartered underscores the growing interest in blockchain-based financial products and services. (Source)
