Key Takeaways
- • Ripple, Circle, Standard Chartered's SC Ventures, and quantitative trading firm Qube Research & Technologies (QRT) have invested in OKX at a $25 billion valuation in a new funding round, with the specific investment size undisclosed.
- • OKX's valuation remains flat at $25 billion seven months after its March 2026 funding round, when Intercontinental Exchange (ICE) invested $200 million at the same valuation, signaling investor confidence but no upward revaluation.
- • The new investor cohort represents strategic diversification across cryptocurrency infrastructure (Ripple), stablecoin issuance (Circle), traditional banking (Standard Chartered), and quantitative trading (QRT, a Credit Suisse spinout managing approximately $1 billion in crypto assets).
- • This funding extension expands OKX's institutional shareholder base with players spanning blockchain payments, digital asset markets, and traditional finance, reflecting the exchange's positioning as a bridge between legacy and decentralized finance.
Summary
OKX has closed a new funding round at a $25 billion valuation with backing from Ripple, Circle, Standard Chartered's investment arm SC Ventures, and London-based quantitative trading firm Qube Research & Technologies (QRT), according to Bloomberg. The specific size of the new investment round has not been disclosed by the exchange.
The funding comes approximately seven months after OKX secured $200 million from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, in March 2026 at an identical $25 billion valuation. The unchanged valuation across both rounds suggests investor confidence in OKX's current position, though the exchange has not appreciated from the March valuation milestone.
The investor syndicate reflects strategic diversification within OKX's cap table. Circle, which issues the USDC stablecoin, brings direct exposure to the stablecoin infrastructure layer. Ripple contributes blockchain-based payment and digital asset infrastructure expertise. SC Ventures represents entry of a major traditional financial institution into OKX's shareholder base, while QRT—a spinout from Credit Suisse operating a cryptocurrency fund with approximately $1 billion in assets under management—adds quantitative trading sophistication and hedge fund capital to the exchange's financial backing.
The funding comes approximately seven months after OKX secured $200 million from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, in March 2026 at an identical $25 billion valuation. The unchanged valuation across both rounds suggests investor confidence in OKX's current position, though the exchange has not appreciated from the March valuation milestone.
The investor syndicate reflects strategic diversification within OKX's cap table. Circle, which issues the USDC stablecoin, brings direct exposure to the stablecoin infrastructure layer. Ripple contributes blockchain-based payment and digital asset infrastructure expertise. SC Ventures represents entry of a major traditional financial institution into OKX's shareholder base, while QRT—a spinout from Credit Suisse operating a cryptocurrency fund with approximately $1 billion in assets under management—adds quantitative trading sophistication and hedge fund capital to the exchange's financial backing.
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