TREE NEWS update: OKX closed a funding round at a $25 billion valuation, with Standard Chartered and Circle among the participants. The exchange also launched OKX Money. The round comes as OKX pushes into the US market, filing for the SEC’s September ‘innovation exemption’ to offer tokenized US equities, which already cover more than 70 tickers but remain barred to American users.
OKX Raises at $25B Valuation With StanChart, Circle Participating
AI take
The notable signal is the cap-table mix: a global bank and a stablecoin issuer backing a major exchange suggests tokenized-equity infrastructure is being treated as a distribution and settlement question, not just a crypto-native one. It matters most for venues competing to list tokenized US equities and for the US regulatory pathway, since OKX's product already exists but is walled off from American users. Whether the SEC innovation exemption translates into actual US access, and whether bank and stablecoin partners deepen their roles, is the open question.
Generated by AI for reference only.
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