OKX completed strategic investment from Circle, Qube Research & Technologies (QRT), Ripple, and SC Ventures by Standard Chartered at $25B pre-money valuation.
Extends March ICE-led round. Individual investment amounts undisclosed.
Strategic rationale:
- Circle: USDC integration across OKX
- Ripple: RLUSD stablecoin, payments and liquidity infrastructure
- Standard Chartered: custodian for BlackRock BUIDL tokenized Treasury fund in OKX collateral framework
- QRT: institutional counterparty providing liquidity
CEO Star Xu: vision to “hold it, pay with it, invest it, and grow it” — evolving from exchange to global fintech platform. Also launched digital-dollar savings/spending app and filed for tokenized stock trading via ICE joint venture.