Crypto Briefing • October 6th 2026, 12:39 PM
Hedge fund QRT joins Ripple, Circle, and SC Ventures in OKX’s $25B extension round
Key Summary
Crypto exchange OKX has secured a $25 billion funding round from Qube Research & Technologies (QRT), Circle, Ripple, and Standard Chartered's SC Ventures, further solidifying its position as a leading player in the crypto market. The deal also gives the New York Stock Exchange owner a direct stake in one of the world's largest crypto exchanges.
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Key Takeaways
- OKX secures $25 billion funding round from QRT, Circle, Ripple, and SC Ventures.
- The deal gives the New York Stock Exchange owner a direct stake in one of the world's largest crypto exchanges.
- The funding will support efforts to strengthen OKX's market infrastructure.
Market & Token Impact
- OKB, the native token of the OKX ecosystem, rose about 6% to $138 on the financing news.
- The funding round highlights growing collaboration between traditional finance and crypto, potentially reshaping market infrastructure globally.
Broader Context & What's Next
- The deal follows ICE's investment in OKX, which developed OKXICE LLC, a joint venture focused on tokenized stock trading.
- OKXICE is seeking approval to offer tokenized stocks representing 63 US public companies, including NVIDIA, Apple, and Coca-Cola.
- The SEC's five-year innovation exemption allows tokenized stocks to trade in the US if they provide rights equivalent to those of traditional shares.
- The growing collaboration between traditional finance and crypto may lead to increased investment and adoption in the crypto market.
- OKX's strengthened market infrastructure may provide a competitive advantage in the market, potentially leading to increased user adoption and revenue growth.