OKX completed a new stage of its financing on October 6, still at a valuation of $25 billion. Ripple, Circle, SC Ventures and Qube Research & Technologies are joining its capital, for an amount which has not been communicated. At the same time, the platform is accelerating on stablecoins with the launch of OKX Money.
In brief
- OKX maintains its valuation at $25 billion, as in March, without specifying the amount raised.
- Ripple, Circle, SC Ventures and Qube Research & Technologies join Intercontinental Exchange (NYSE), which entered the capital in March.
- With OKX Money, the platform wants to convert more than 50 currencies into stablecoins and offers up to 10% return on certain USDG balances.
OKX welcomes Ripple, Circle and SC Ventures
The OKX platform finalized the extension of its financing round on October 6. Its valuation therefore remains fixed at $25 billion. On the other hand, the announcement of the platform does not specify how much she raised.
This operation complements that of March. At the time, Intercontinental Exchange, parent company of the New York Stock Exchange, had invested around $200 million in OKX, still at a valuation of $25 billion. Seven months later, the reference amount therefore remains the same, while new investors are entering.
And not just any ones. Ripple develops payment solutions, Circle issues USDC, SC Ventures represents the investment arm of Standard Chartered and Qube Research & Technologies specializes in quantitative trading.
“ We want to build the next generation financial technology platform, which combines crypto technology with the standards expected of global financial institutions “, explains Star Xu, founder and CEO of OKX.
Investors close to payments
The profile of these new partners is not trivial. Ripple is moving into payments, while Circle is looking to strengthen USDC’s place in transactions. The XRP ETFs turned red at the beginning of October. For its part, Circle sees USDC gaining ground against Tether in payments.
Above all, OKX is not starting from scratch with these actors. The platform is already collaborating with Standard Chartered and BlackRock on tokenized collateral infrastructure. The latter notably makes it possible to use BlackRock’s BUIDL fund in institutional flows, while the market for tokenized assets continues to progress.
Furthermore, OKX is strengthening its offensive in traditional finance. With ICE, the platform filed a market project with the American regulator at the beginning of October allowing the continuous trading of more than 60 tokenized shares.
At the same time, OKX launches OKX Money, a standalone application. It allows you to convert more than 50 currencies into stablecoins like USDC, USDT and USDG. For certain eligible USDG balances, the return can be up to 10%. The platform targets emerging markets in particular.
An American past still present
This offensive, however, comes with a liability. In 2025, an OKX entity pleaded guilty in the United States to operating an unlicensed money transmission business. The company then agreed to pay more than $504 million in fines and forfeitures.
Therefore, the real challenge begins now. The valuation remains solid and the new partners are prestigious. However, OKX will above all have to prove that it can transform these alliances into compliant and truly accessible products.
As compliance weighs on the value of platforms, permissions obtained and execution will matter more than names in the round.
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