OKX raises undisclosed sum from Circle, Ripple, SC Ventures and QRT at $25 billion valuation
OKX raised an undisclosed amount from Circle, Ripple, SC Ventures and QRT at a $25 billion valuation, extending the March round led by ICE at the same valuation.
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Why it matters
The round adds stablecoin, banking and quantitative trading firms as OKX shareholders while the valuation stays at the March level. The size of the new capital is unknown, so the weight of the round cannot be assessed.
Where the sources disagree
Whether QRT was a new or existing OKX partner
New to the cap table
Decrypt
Existing partner providing liquidity and risk capacity
Crypto.News, CryptoPotato
Decrypt said QRT is new to the cap table, while Crypto.News and CryptoPotato said it already supplies liquidity to OKX.
Whether the $25 billion valuation is pre-money
Pre-money
CoinDesk, Crypto.News, CryptoPotato
Unqualified valuation
Decrypt, CoinGape, Cointelegraph
CoinDesk, Crypto.News and CryptoPotato call it pre-money; other outlets give $25 billion without qualification.
Key facts
OKX raised an undisclosed sum at a $25 billion valuation from Circle, Ripple, SC Ventures and QRT.
25,000,000,000 USDReported by Decrypt
OKX declined to disclose the amount raised.
Reported by Decrypt
The round extends the March investment in which ICE put in about $200 million at the same valuation.
200,000,000 USDReported by Decrypt
ICE filings show it agreed on March 3 to buy about 900,000 Series C preferred shares in OKC Holdings for $200 million, leaving it under 1% ownership.
200,000,000 USDReported by Crypto News Flash
OKXICE published a notice dated Oct. 4 listing 63 stock tokens it intends to offer under the SEC innovation exemption granted Sept. 17.
63Reported by Unchained
Star Xu said the funds will help OKX become a broader global financial technology platform.
Reported by Cointelegraph
The four investors already work with OKX across stablecoins, liquidity, collateral and custody.
Disputed figureReported by Crypto.News
What happened
OKX raised new money at a $25 billion valuation from Circle, Ripple, Standard Chartered's SC Ventures and Qube Research & Technologies (QRT), Bloomberg reported, and Cointelegraph and Crypto.News cited an OKX announcement on Tuesday. OKX declined to say how much it raised. The round extends one from March, when Intercontinental Exchange (ICE) invested about $200 million at the same valuation; Decrypt noted the price has not moved in seven months. CoinDesk, Crypto.News and CryptoPotato describe the $25 billion as a pre-money figure, while Decrypt and others call it a valuation without that qualifier. Crypto.News and CryptoPotato said all four investors already work with OKX on stablecoins, liquidity, collateral or custody, whereas Decrypt described QRT as new to the cap table. OKX CEO Star Xu said the funds support a move into a broader global financial technology platform. Separately, the OKX-ICE joint venture OKXICE filed to offer tokenized stock in 63 US companies under the SEC innovation exemption, with no launch date given, according to Unchained.
How the story developed
- First report
First report by Decrypt
Circle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation
- Update
Bloomberg reports OKX raise from Circle, Ripple, SC Ventures and QRT
Decrypt relayed the report.
- Independent corroboration
Independently corroborated by CoinGape
OKX Raises Fresh Capital From Circle, Ripple, Standard Chartered at $25B Valuation
- Update
ICE agrees to invest about $200 million in OKX at $25 billion valuation
ICE filings give March 3; Unchained gives a March 5 announcement.
- Official statement
OKX announces the extension and Star Xu comments on use of funds
- Official statement
Official statement from Bitcoin.com News
OKX Adds Ripple, Circle and SC Ventures as Investors at $25B Valuation
- Mainstream pickup
Picked up by mainstream media (Finance Magnates Crypto)
OKX Turns Infrastructure Partners into Investors at $25 Billion Valuation
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 6 Oct 2026, 12:53 UTC: Decrypt — 1 independent source, 1 reports
- 6 Oct 2026, 13:06 UTC: CoinGape — 2 independent sources, 2 reports
- 6 Oct 2026, 13:15 UTC: Unchained — 3 independent sources, 3 reports
- 6 Oct 2026, 13:30 UTC: Crypto News Flash — 4 independent sources, 4 reports
- 6 Oct 2026, 13:31 UTC: Crypto News (CryptoNews.net) — 5 independent sources, 5 reports
- 6 Oct 2026, 13:32 UTC: Cointelegraph — 6 independent sources, 6 reports
- 6 Oct 2026, 14:20 UTC: Bitcoin.com News, official — 7 independent sources, 7 reports
- 6 Oct 2026, 14:43 UTC: Crypto.News — 8 independent sources, 8 reports
- 6 Oct 2026, 15:20 UTC: CoinDesk — 9 independent sources, 9 reports
- 6 Oct 2026, 16:00 UTC: CryptoSlate — 10 independent sources, 10 reports
- 6 Oct 2026, 16:45 UTC: Finance Magnates Crypto, Mainstream media — 11 independent sources, 11 reports
- 6 Oct 2026, 17:31 UTC: U.Today — 12 independent sources, 12 reports
- 6 Oct 2026, 17:44 UTC: CryptoPotato — 13 independent sources, 13 reports
- 6 Oct 2026, 19:01 UTC: Bitcoin Magazine — 14 independent sources, 14 reports
- 7 Oct 2026, 02:30 UTC: BTC-ECHO — 15 independent sources, 15 reports
Affected entities
Also mentioned: BlackRock, U.S. Securities and Exchange Commission, United States, Bitcoin, Ethereum, Tether USDt, Base
Original sources
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