OKX secures strategic investment at $25B valuation from Circle and Ripple

OKX cryptocurrency exchange stablecoin tokenized assets OKX Money

Cryptocurrency exchange OKX has secured a strategic investment round at a $25 billion pre-money valuation. The funding round includes participation from Circle, Ripple, SC Ventures (the venture arm of Standard Chartered), and the quantitative trading firm Qube Research & Technologies (QRT).

This investment serves as an extension of a funding round completed in March, which saw Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invest approximately $200 million at the same $25 billion valuation. OKX CEO Star Xu stated that the capital will support the company's evolution from a traditional crypto exchange into a comprehensive global financial technology platform, with a specific focus on tokenizing real-world assets and expanding stablecoin and payment infrastructures.

In conjunction with these financial developments, OKX has launched OKX Money, a standalone consumer application designed to bridge crypto and traditional finance. The app allows users to fund accounts with over 50 supported currencies, which are then converted into dollar-backed stablecoins such as USDG, USDC, or USDT. Key features include the ability to earn up to 10% APY on eligible USDG balances without staking or lockup periods, as well as global spending via virtual and physical Mastercard-linked cards with zero foreign exchange fees. The initial rollout of OKX Money targets markets in Latin America, Africa, South Asia, and the Middle East.

Entities

Circle · OKX · Qube Research & Technologies · Ripple · SC Ventures · Standard Chartered · Star Xu

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] OKX launched OKX Money, a standalone app for stablecoin savings, transfers, and payments. www.tokenpost.kr · bitcoinworld.co.in · www.crypto-insiders.nl · crypto.news · en.dailypakistan.com.pk
[● 3 SOURCES] The OKXICE joint venture has applied to the SEC to offer tokenized trading of 63 U.S. public companies. phocapblockchain.net · www.spacemoney.com.br · bitcoinmagazine.com
[● 5 SOURCES] Eligible USDG balances in the OKX Money app can earn up to 10% APY. www.tokenpost.kr · bitcoinworld.co.in · www.crypto-insiders.nl · crypto.news · en.dailypakistan.com.pk
[● 4 SOURCES] OKX Money provides virtual and physical Mastercard-linked cards for spending. www.tokenpost.kr · bitcoinworld.co.in · crypto.news · en.dailypakistan.com.pk
[● 9 SOURCES] OKX secured a strategic investment at a $25 billion pre-money valuation from Circle, Ripple, Qube Research & Technologies (QRT), and SC Ventures. phocapblockchain.net · blogtienao.com · nosmokesport.com · blockchainreporter.net · journalducoin.com · +4 more
[● 4 SOURCES] CEO Star Xu stated the company is evolving from a crypto exchange into a broader global financial technology platform. nosmokesport.com · blockchainreporter.net · www.spacemoney.com.br · bitcoinmagazine.com
[● 9 SOURCES] The new funding round is an extension of a March investment by Intercontinental Exchange (ICE) at the same $25 billion valuation. phocapblockchain.net · blogtienao.com · nosmokesport.com · blockchainreporter.net · journalducoin.com · +4 more
[● 5 SOURCES] The OKX Money app supports funding in more than 50 currencies. www.tokenpost.kr · bitcoinworld.co.in · www.crypto-insiders.nl · crypto.news · en.dailypakistan.com.pk