OKX Secures New Funding at $25 Billion Valuation With Circle and Ripple
Cryptocurrency exchange OKX has secured a new round of funding at a $25 billion valuation, with Circle, Ripple, Standard Chartered's SC Ventures, and Qube Research & Technologies joining the investment, according to Bloomberg, as reported by Coin Bureau.
The latest funding round comes after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), invested approximately $200 million in OKX in March at the same $25 billion valuation. The new investment brings together companies and financial institutions from the cryptocurrency and traditional finance sectors.
Investors Back OKX at the Same Valuation
The participation of Circle, Ripple, SC Ventures, and Qube Research & Technologies adds to the institutional investors associated with OKX's funding. Their involvement connects the exchange with established participants in digital assets, financial services, and investment management.
Circle is known for its role in the stablecoin market, while Ripple operates in blockchain-based financial technology. SC Ventures is the venture investment and innovation arm of Standard Chartered. Qube Research & Technologies is an investment management firm. Their participation places the funding round at the intersection of cryptocurrency infrastructure and established financial services.
The $25 billion valuation is unchanged from the level attached to ICE's approximately $200 million investment in March. The latest funding announcement therefore follows an earlier investment at the same valuation rather than a reported increase in OKX's assessed worth.
OKX Plans Broader Financial Technology Ambitions
OKX CEO Star Xu said the new capital would support the company's ambition to transform the exchange into a broader global financial technology platform. According to Xu, the strategy involves combining cryptocurrency infrastructure with the standards associated with traditional financial services.
The stated direction suggests that OKX intends to position its business beyond cryptocurrency exchange services alone. The company has identified the integration of digital-asset infrastructure and conventional financial standards as central to its broader platform ambitions. However, the reported announcement does not specify individual products, implementation deadlines, or financial targets associated with that strategy.
The involvement of Circle, Ripple, and Standard Chartered's SC Ventures also places the funding within a wider connection between digital-asset businesses and traditional financial institutions. Their participation does not, by itself, establish any additional commercial partnerships or product launches beyond the reported investment round.
ICE Investment Provides an Earlier Valuation Reference
ICE's approximately $200 million investment in March provides the previous disclosed valuation reference cited in the report. ICE is the parent company of the NYSE, linking OKX's earlier funding to a major operator in traditional financial markets.
The new round maintains the $25 billion valuation while bringing in additional investors from across the financial and cryptocurrency industries. OKX CEO Star Xu said the capital would help advance the exchange's goal of becoming a global financial technology platform that combines crypto infrastructure with traditional financial standards.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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