Crypto-exchange operator OKX said it raised additional funding at a US$25 billion valuation from existing partners and London-based hedge fund Qube Research & Technologies, extending its March round.

OKX did not disclose the amount raised. Investors included Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered.

In March, Intercontinental Exchange, the parent of the New York Stock Exchange, invested about US$200 million in OKX at the same valuation.

Their joint venture, OKXICE LLC, said on October 5 that it was seeking US approval to offer tokenized shares in 63 public companies under the Securities and Exchange Commission’s five-year innovation exemption.

The US expansion follows OKX’s guilty plea to violating US anti-money laundering laws and its agreement to pay penalties, according to the Department of Justice.

The Securities and Exchange Commission issued the exemption on September 17, 2026, and sought comment on the framework for trading tokenized national market system stocks.

🔗 Source: Bloomberg

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