OKX closed on October 6 a new stage of its financing, still at a valuation of 25 billion dollars. Ripple, Circle, SC Ventures and Qube Research & Technologies thus join its capital, for an am
OKX closed on October 6 a new stage of its financing, still at a valuation of 25 billion dollars. Ripple, Circle, SC Ventures and Qube Research & Technologies thus join its capital, for an amount that has not been disclosed. At the same time, the platform accelerates on stablecoins with the launch of OKX Money.
The OKX platform finalized on October 6 the extension of its funding round. Its valuation therefore remains set at 25 billion dollars. However, the platform’s announcement does not specify how much it raised.
This operation complements the one in March. At the time, Intercontinental Exchange, parent company of the New York Stock Exchange, had invested about 200 million dollars in OKX, still at a valuation of 25 billion. Seven months later, the reference amount remains the same, while new investors join.
And not just any investors. Ripple develops payment solutions, Circle issues the USDC, SC Ventures represents the investment arm of Standard Chartered and Qube Research & Technologies specializes in quantitative trading.
“We want to build the next generation financial technology platform, combining crypto technology with the standards expected by global financial institutions“, explains Star Xu, founder and CEO of OKX.
The profile of these new partners is no coincidence. Ripple operates in payments, while Circle seeks to strengthen the place of USDC in transactions. XRP ETFs themselves turned red in early October. On its side, Circle sees USDC gaining ground against Tether in payments.
Above all, OKX is not starting from scratch with these actors. The platform already collaborates with Standard Chartered and BlackRock on a tokenized collateral infrastructure. This allows in particular to use BlackRock’s BUIDL fund in institutional flows, while the tokenized asset market continues to grow.
Moreover, OKX strengthens its offensive in traditional finance. With ICE, the platform filed in early October with the US regulator a market project allowing continuous trading of more than 60 tokenized stocks.
At the same time, OKX launches OKX Money, a standalone application. It allows converting more than 50 currencies into stablecoins such as USDC, USDT and USDG. For certain eligible USDG balances, the yield can reach 10%. The platform is particularly targeting emerging markets.
This offensive comes with a liability however. In 2025, an OKX entity pleaded guilty in the United States for operating an unlicensed money transmission business. The company then agreed to pay over 504 million dollars in fines and forfeitures.
From then on, the real challenge begins now. The valuation remains solid and the new partners are prestigious. However, OKX will have to prove that it can turn these alliances into compliant and truly accessible products.
As compliance weighs on platform value, the permissions obtained and the execution will matter more than the names listed at the table.
