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

What happened

A London quantitative hedge fund joins the round too, seven months after the NYSE's owner bought in at exactly the same price. Decrypt News Business Circle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation A London quantitative hedge fund joins the round too, seven months after the NYSE's owner bought in at exactly the same price.

In brief OKX has raised fresh capital at a $25 billion valuation (what investors price the whole company at), unchanged from its March round. The exchange's joint venture with ICE is seeking approval to offer tokenized (representing an asset as a tradable entry on a blockchain) stock in 63 U.S.

Crypto exchange OKX has raised new funding at a $25 billion valuation from a group that spans a stablecoin (a digital token meant to hold a fixed value, usually one dollar) issuer, a British bank and a London quantitative hedge fund, Bloomberg reported. The exchange declined to say how much it raised.

Circle, Ripple, Standard Chartered's SC Ventures and hedge fund Qube Research & Technologies took part. Circle Internet Group, Ripple and Standard Chartered's investment arm SC Ventures all took part, alongside Qube Research & Technologies, which is new to the cap table. Seven months on, the price has not moved.