Standard Chartered · Circle · OKX · Funding Round · United Kingdom · Wall Street · Bitcoin Magazine
Crypto exchange OKX has raised new funding at a $25 billion valuation, the company said on Tuesday
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The crypto exchange said in an announcement that stablecoin giant Circle, fintech firm Ripple and British bank Standard Chartered’s investment arm, SC Ventures, all participated in the fundraise.
Key facts
- Other big deals between TradFi and the crypto space include the S&P 500 in January giving crypto platform Trade[XYZ] the green light to debut a new derivative contract on decentralized exchange
- Crypto exchange OKX has raised new funding at a $25 billion valuation, the company said on Tuesday, revealing investment from top digital asset companies
- OKX CEO and founder Star Xu said that the capital would help the company tokenize real-world assets
- Tokenization has become a bigger buzzword on Wall Street since the U.S. elected pro-crypto president Donald Trump
Summary
The crypto exchange has raised new funding from the likes of Circle and Standard Chartered as it races to tokenize real-world assets. Crypto exchange OKX has raised new funding at a $25 billion valuation, the company said on Tuesday, revealing investment from top digital asset companies. Earlier this year, the Intercontinental Exchange invested in the digital asset firm in a move to accelerate tokenization. “Through strategic investment and partnership, OKX is aligning some of the most critical builders of financial infrastructure behind its vision for the next generation of onchain markets,” OKX said in a statement.