OKX Adds Circle, Ripple, QRT, and SC Ventures as Investors at $25B Valuation

None of the four investors is new to OKX. Standard Chartered already holds the BlackRock BUIDL shares OKX clients post as margin, and Ripple's RLUSD trades across the exchange's order book. OKX announced Tuesday that Circle (CRCL), Ripple, Qube Research & Technologies (QRT), and SC Ventures by Standard Chartered have invested in the exchange at a $25 billion valuation. The exchange said the round extends the stake NYSE parent Intercontinental Exchange (ICE) took in March, and it described this week’s valuation as pre-money, before counting the new capital. Each Investor Already Works With OKX Each of the four firms already supports one layer of its business, from stablecoin issuance to liquidity, collateral, and custody. QRT, a multi-strategy investment manager, is an institutional counterparty that supplies liquidity and risk capacity to the exchange. Meanwhile, Ripple’s RLUSD stablecoin trades across OKX’s unified order book. RLUSD went live on more than 280 OKX trading pairs in April, including against XRP. “Our investment reflects our conviction in what they’re building and opens the door to deepen our work together across stablecoins, payments and institutional markets,” s...