OKX draws investment from Circle, Ripple after ICE deal to push beyond crypto exchange roots
Summary
OKX raised undisclosed investment from Circle, Ripple, Qube Research & Technologies and Standard Chartered’s venture arm, extending a March investment from ICE. The funding values OKX at $25 billion pre-money and supports its shift from crypto trading toward a broader financial platform. An OKX-ICE venture has filed to offer 24/7 trading in tokenized shares of 63 U.S. companies through OKX’s X Layer blockchain and stablecoins, under a temporary SEC framework. Analysts say adoption will depend on liquidity and participation, while regulatory uncertainty and institutional integration costs may constrain demand. The platform will also test stablecoins as settlement tools in regulated markets.
