OKX Secures Backing From Circle, Ripple, Standard Chartered at $25B Valuation

Circle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation

Crypto exchange OKX has secured fresh investment at a $25 billion pre-money valuation, adding Circle, Ripple, Standard Chartered’s venture arm SC Ventures, and London-based quantitative hedge fund Qube Research & Technologies (QRT) to an extended funding round.

OKX did not disclose how much capital it raised. Bloomberg first reported the extension, and OKX later confirmed the participants and valuation.

The new funding keeps OKX’s valuation unchanged from a prior round led in March by Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, which invested roughly $200 million at the same $25 billion mark. Seven months later, the price has held flat even as OKX and ICE have continued developing a joint push into tokenized securities.

OKX said the extension “deepens our relationships with four partners that each serve a critical role in the ecosystem,” despite previously indicating it did not need additional capital.

• Circle supports OKX users’ access to USDC, Circle’s dollar-backed stablecoin.
• Ripple is integrating its RLUSD stablecoin into OKX’s unified order book.
• QRT, a major institutional counterparty on OKX, is joining the cap table and is expected to support liquidity, market expansion, and product development.
• Standard Chartered, through SC Ventures, extends a relationship in which the bank acts as a custody partner for OKX’s institutional business and supports collateral custody tied to tokenized products.

The investor list underscores how large exchanges are increasingly pairing capital raises with operational partnerships. In OKX’s case, the participants broadly align with infrastructure it already uses—stablecoin rails, institutional trading flow, and custody arrangements—alongside the exchange’s widening focus beyond spot crypto trading.

The funding extension also lands amid OKX’s broader work on tokenization. The company has described the March ICE-led deal as connected to tokenized securities, and subsequent updates have pointed to continuing progress toward launching tokenized U.S. equities via the OKX-ICE joint venture.