Crypto exchange OKX has added Circle, Qube Research & Technologies, Ripple and SC Ventures, the venture arm of Standard Chartered, to a funding round that still values the company at a $25 billion pre-money level. The investment extends a round launched in March and led by Intercontinental Exchange, the owner of the New York Stock Exchange.
OKX did not disclose how much fresh capital was raised. Founder and chief executive Star Xu said the proceeds will help the company continue expanding and support its push into tokenizing real-world assets.
A round extended at the same price
The latest investment keeps OKX at the same pre-money valuation disclosed for the March round, rather than marking a step-up in price. Intercontinental Exchange had led that earlier financing, and the newly announced backers have now joined on those terms.
No fundraising total was provided, leaving the size of the extension unclear. What is confirmed is that the company has continued to attract institutional names even without changing the headline valuation.
Investors already tied to the exchange
The new participants were not starting from scratch with OKX. Circle is the issuer of the USDC stablecoin, while Qube Research & Technologies is described as a major trading counterparty for the exchange.
SC Ventures joins as part of a broader relationship with Standard Chartered, which already holds client collateral in custody. Ripple is the newest commercial link among the group, with its RLUSD stablecoin having been listed by OKX in April.
Broader push beyond core crypto trading
Xu said the new capital would be used both for growth and for tokenizing real-world assets, a strategy that aligns with several moves OKX has made this year beyond its traditional crypto exchange business.
In May, Intercontinental Exchange agreed to license its Brent and WTI oil benchmarks for use in OKX perpetual futures. In July, OKX began offering more than 40 tokenized US stocks and exchange-traded funds to clients outside the United States and Europe.
Latest step is a tokenized securities venue
That expansion continued this week with OKX announcing a tokenized securities venue, or TSV. The company said the platform would operate using an SEC exemption.
Taken together, the financing and product launches show OKX building out a wider market structure around tokenized assets. The next confirmed step is the continued rollout of those real-world asset initiatives, now backed by fresh capital from strategic investors.
Source: www.ledgerinsights.com