OKX reaches $25B valuation with strategic investments from Circle, Ripple, QRT and SC Ventures
OKX said in a statement that it has completed a strategic investment from Circle, Ripple, Qube Research & Technologies (QRT) and SC Ventures by Standard Chartered at a $25 billion pre-money valuation. The round extends the stake Intercontinental Exchange, parent of the New York Stock Exchange, took in March, and OKX did not disclose how much fresh capital the four new investors contributed.
- OKX confirmed the round values the exchange at $25 billion pre-money, extending the stake Intercontinental Exchange took in March.
- OKXICE filed with the SEC on October 4 to offer 63 tokenized NYSE stocks to US users, giving listed companies 30 days to opt out.
- OKX Money launched Tuesday, offering up to 10% annual yield on USDG balances with no staking or lockup.
- $25B pre-money valuation extending ICE’s March stake
- 280+ OKX pairs carrying Ripple’s RLUSD since April
- 63 tokenized NYSE stocks named in OKX’s Oct 4 SEC filing
The investment lands two days after OKX’s joint venture with ICE, OKXICE, filed with the SEC to tokenize NYSE stocks, as CryptoPotato first reported. Each of the four new backers already sits inside OKX’s commercial stack rather than arriving as a passive financial investor.
The round turns existing vendor relationships into equity stakes. That structure is becoming the template for how traditional finance firms are embedding themselves inside crypto exchange infrastructure rather than simply trading on top of it.
Ripple’s RLUSD Trades on 280 OKX Pairs, Standard Chartered Custodies BUIDL
Circle, which OKX’s statement calls the issuer of “the world’s largest regulated stablecoin,” already underpins dollar settlement across the exchange through USDC. The move echoes Circle’s broader pattern of trading equity for exchange access, after the stablecoin issuer sold $100 million of its own stock to Binance earlier this year. QRT, a
