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

Cryptocurrency exchange OKX has secured strategic investments from stablecoin issuer Circle, blockchain firm Ripple, Standard Chartered's venture capital arm SC Ventures, and quantitative hedge fund Qube Research & Technologies, multiple outlets reported on Oct. 6. CryptoSlate, UToday, and Decrypt all reported that the financing maintains the exchange's valuation at $25 billion. OKX Chief Executive Officer Star Xu confirmed the strategic investment from Circle, Qube Research & Technologies, and other backers. [1][2][3][4][6]

Decrypt and The Defiant reported that the recent investment extends a funding round that closed in March 2026. During that previous round, Intercontinental Exchange, the owner of the New York Stock Exchange, invested approximately $200 million into OKX at the same $25 billion valuation. The exchange declined to disclose the specific dollar amount raised in the latest extension, according to Decrypt and The Defiant. [1][4][6]

CoinDesk and CryptoSlate reported that OKX is utilizing the funding to expand beyond its core cryptocurrency exchange business into a broader financial technology platform. The company is targeting stablecoin-based financial services, payments, cross-border spending, and tokenized real-world assets. CryptoSlate added that OKX launched a stablecoin application focused on savings and payments alongside the funding news. [1][2][5]