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Circle, Ripple and Hedge Fund QRT Back Crypto Exchange OKX at $25 Billion Valuation

On Tuesday, crypto exchange OKX announced a new funding round at a $25 billion valuation, backed by Circle, Ripple, Standard Chartered's SC Ventures, and Qube Research & Technologies .
This latest injection supplements capital raised earlier this year and follows Intercontinental Exchange investing in March at the same $25 billion valuation, which Bloomberg estimated at roughly $200 million.
OKX and ICE are preparing to trade tokenized U.S. equities through OKXICE, their 50-50 joint venture, which listed 63 stocks including Tesla, Microsoft, and JPMorgan for onchain trading.
Under a five-year innovation exemption granted by the SEC on September 17, OKXICE's tokenized offerings will trade around the clock against stablecoins like USDC.
QRT's quantitative trading director Thomas Eaton said the investment reflects confidence in "the long-term growth of digital assets and 24/7 markets," while OKX global managing partner Haider Rafique said the raise "focuses on strengthening OKX's long-term market infrastructure.

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Circle, Ripple and Standard Chartered invest in OKX at $25 billion valuation

OKX has completed a strategic investment from Circle, Qube Research & Technologies, Ripple and Standard Chartered’s SC Ventures at a $25 billion pre money valuation, adding four existing infrastructure partners to the funding round started by NYSE parent Intercontinental Exchange…

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Bloomberg

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Crypto Exchange OKX Raises at $25 Billion From StanChart, Circle

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Cointelegraph

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OKX Raises Fresh Capital at $25B Valuation

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unchainedcrypto.com

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Circle, Ripple and Hedge Fund QRT Back Crypto Exchange OKX at $25 Billion Valuation

Standard Chartered's SC Ventures also invested in OKX, which did not disclose the size of the raise as it readies tokenized stock trading with NYSE owner ICE.

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The Defiant

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Bitcoin.com

OKX Adds Ripple, Circle and SC Ventures as Investors at $25B Valuation

OKX has secured fresh strategic investment at a $25 billion valuation from a group including Ripple, Circle, Standard Chartered’s SC Ventures, and Qube Research & Technologies. OKX Keeps Valuation as New Strategic Investors Pile In OKX has added another group of heavyweight financial backers without giving up ground on its valuation. The crypto exchange has […]

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