OKX founder and CEO Star said Circle, Ripple and SC Ventures have joined the company as investors, framing the latest financing round as a strategic move rather than a response to funding pressure. In a post on Oct. 6, Star said OKX did not raise money because it needed capital. Instead, the exchange chose to bring in long-term strategic partners that share its vision in stablecoins, payments, institutional markets and next-generation financial infrastructure. The statement adds context to an earlier report that OKX completed a fundraising round at a $25 billion valuation. That earlier report said SC Ventures, the investment arm of Standard Chartered, participated in the round alongside Circle and other investors. Star’s remarks place the emphasis on alignment with partners in specific business areas, rather than on balance-sheet needs.
OKX founder and CEO Star said on Oct. 6 that Circle, Ripple and SC Ventures have become investors in OKX.
In a post, Star said the company was not raising funds because it needed capital. He said OKX chose to bring in strategic partners that share a long-term vision with the exchange in stablecoins, payments, institutional markets and next-generation financial infrastructure.
An earlier report said OKX completed a fundraising round at a $25 billion valuation, with SC Ventures, the investment arm of Standard Chartered, and Circle among the participants.
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