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28 Fear

OKX secures $25B extension funding from QRT, Circle, Ripple and SC Ventures

OKX secures $25B extension funding from QRT, Circle, Ripple and SC Ventures Image: Decrypt
Image via Decrypt.

Crypto exchange OKX closed a funding extension round at a $25 billion valuation. Participants include Qube Research & Technologies, Circle, Ripple and Standard Chartered's SC Ventures. The round maintains the $25 billion valuation set in March when Intercontinental Exchange invested $200 million in the platform. OKX said the capital will support efforts to strengthen its market infrastructure. OKB, OKX's native token, rose roughly 6% to $138 on news of the round.

Key points

  1. OKX secured a funding extension round at a $25 billion valuation
  2. QRT, Circle, Ripple and SC Ventures participated in the latest OKX funding round
  3. OKX will direct the new capital toward strengthening its market infrastructure
  4. OKX and ICE operate a joint venture, OKXICE LLC, focused on tokenized stock trading

What's unclear

The exact amount of capital raised in OKX's latest funding extension round is not disclosed
The timeline for SEC approval of OKXICE's tokenized stock offering is not specified

Price context · OKB

At publication
$135.20
Now
$105.10
Change since
−22.26%
7 days

Sources · 12 publishers

Crypto Briefing Tier 2 First report
Hedge fund QRT joins Ripple, Circle, and SC Ventures in OKX’s $25B extension round
Decrypt Tier 1
Circle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation
CoinGape Tier 2
OKX Raises Fresh Capital From Circle, Ripple, Standard Chartered at $25B Valuation
Unchained Tier 1
Circle, Ripple and Hedge Fund QRT Back Crypto Exchange OKX at $25 Billion Valuation
Coinpedia Tier 3
Ripple Backs OKX at $25B Valuation in New Funding Round – Bloomberg Reports
Bitcoin.com News Tier 2
OKX Adds Ripple, Circle and SC Ventures as Investors at $25B Valuation
The Defiant Tier 1
Circle and SC Ventures Back OKX at $25 Billion Valuation
Crypto.news Tier 2
Circle, Ripple and Standard Chartered invest in OKX at $25 billion valuation
CoinCentral Tier 3
OKX Lands New Funding From Circle, Ripple, and Standard Chartered at $25 Billion Valuation
CryptoPotato Tier 2
OKX Adds Circle, Ripple, QRT, and SC Ventures as Investors at $25B Valuation
Bitcoin Magazine Tier 1
OKX Gets New Funding From Circle, Standard Chartered at $25B Valuation
Blockonomi Tier 3
OKX Raises Strategic Funding at $25 Billion Valuation From Circle and Ripple
Decrypt Tier 1
Morning Minute: OKX Raises at $25B From Circle, Ripple, and StanChart

Coverage timeline

  1. First reported by Crypto Briefing
  2. Also reported by Decrypt
  3. CryptoVideos brief published
  4. 11 more publishers added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

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