Brind.

OKX Raises $25B Valuation Capital, Partners with Intercontinental Exchange

1 report, 1 independent Updated Tue 00:00

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

OKX raised an undisclosed amount at a $25 billion valuation, an extension to a funding round previously led by Intercontinental Exchange. Participants in the round included Circle and Qube Research & Technologies. OKX also announced a joint venture with Intercontinental Exchange to launch a tokenized stock trading platform, which was filed with the US Securities and Exchange Commission.

From cointelegraph.com

Why it matters

Some supportBrind's analysis of the reports

The fresh capital is intended to help OKX transition into a broader global financial technology platform that combines crypto technology with traditional financial institution standards. The partnership with Intercontinental Exchange focuses on building infrastructure for tokenized financial products.

From cointelegraph.com

Who's involved

OKXCryptocurrency exchange and web3 platform that raised capital.
Intercontinental ExchangeFinancial company partnering with OKX on tokenized financial products.
CircleStablecoin issuer and investor in OKX.
Qube Research & TechnologiesQuantitative investment firm participating in OKX's funding round.
Hamilton LaneInvestment firm backing OKX Ventures' RWA stablecoin.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

New York Stock ExchangeSpeculative
The New York Stock Exchange might see expanded revenue streams from the tokenized stock platform.
CircleSpeculative
Circle's stablecoin use case could be validated and expanded by the investment in OKX.

How this reaches others

Each traced step by step, with the reporting behind it

How does OKX backing an RWA stablecoin affect Hamilton Lane?Hamilton Lane partners with OKX Ventures on RWA stablecoin initiativeReported

Keep exploring

The entities involved

OKX
cryptocurrency exchange and web3 platform
- Cerebras objected to share inclusion in a filing, while analysts played down OKXICE tokenized stock plans amid temporary SEC relief.04:18
- OKX and Intercontinental Exchange announced a joint venture for tokenized equities, following SEC approval.Tue 06:24
Intercontinental Exchange
financial company based in Atlanta, Georgia
- Walden has been appointed as head of research at Intercontinental Exchange (ICE).Tue 23:29
- Intercontinental Exchange is leveraging its ownership of the New York Stock Exchange to launch contracts in London, targeting the London Metal Exchange.Tue 12:04
Circle
peer-to-peer payments technology company
- Both Circle and Robinhood operate in the competitive digital asset market.Tue 16:55

Related events

Bill Ackman's fund initiated a new position in Intercontinental Exchange (ICE), which owns the New York Stock Exchange.Sep 8

Coverage

Newest first; wire copies grouped

Tue 00:00cointelegraph.com