Ripple joins OKX funding extension at $25B pre-money with Circle, QRT, SC Ventures
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What happened
Crypto exchange OKX extended a funding round at a $25 billion pre-money valuation, taking new investments from Ripple, Circle, Qube Research & Technologies (QRT) and Standard Chartered through SC Ventures. Bloomberg reported the raise on October 6, 2026, under a headline naming StanChart and Circle as backers, and FinTech Futures covered it the next day under a headline naming Circle, QRT, Ripple and Standard Chartered. The total amount raised was not disclosed, and neither the size of Ripple's investment nor that of any other investor was given.
The extension followed a March investment by Intercontinental Exchange (ICE) at the same $25 billion valuation, so the new money was priced level with that earlier deal. For Ripple, the deal was an investment in another company rather than a new price for its own shares: the $25 billion figure is OKX's valuation. The event records Ripple, Circle, QRT and SC Ventures as investors and OKX as the company raising the money.
Key points
Why it matters
The extension was priced at the same $25 billion pre-money valuation as ICE's March investment, so the sources show no step up or down in OKX's price between the two.
The extension adds Ripple, Circle, QRT and Standard Chartered's SC Ventures to OKX's shareholder list, alongside ICE from the March round.
With no total or per-investor amounts disclosed, the post-money value and the size of Ripple's stake cannot be worked out from the sources.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series A | May 19, 2015 | $100M | $28M | Unknown |
| Series B | Sep 15, 2016 | $355M | $55M | SBI Holdings |
| Series C | Dec 20, 2019 | $10B | $200M | Tetragon |
| Strategic investment | Nov 5, 2025 | $40B | $500M | Citadel Securities and Fortress Investment Group |
Updated
Fact-check
- OKX raised new funding at a $25 billion valuation.Stated in the [1] Bloomberg headline ('OKX Raises Funds at $25 Billion Valuation') and the [2] FinTech Futures headline ('locks in $25bn valuation'). Both pages returned HTTP 403 to the checker, so body text was not re-read.Verified
- The valuation is $25 billion pre-money, the same as ICE's March investment.The event research evidence states the extension was at a $25 billion pre-money valuation and extends a March ICE investment at the same valuation; the writer read the same in [2] FinTech Futures. The checker could read only the headlines, which do not state pre-money.Partly verified
- Ripple, Circle, Qube Research & Technologies and SC Ventures invested in the extension.The [2] FinTech Futures headline names Circle, QRT, Ripple and Standard Chartered; the [1] Bloomberg headline names StanChart and Circle; the event data lists SC Ventures as the Standard Chartered investor.Verified
- The total capital raised and each investor's amount were not disclosed.The event research evidence says investment sizes were not disclosed; the writer read in [2] FinTech Futures that the total remains undisclosed.Verified
- The raise was reported on October 6 and October 7, 2026.[1] Bloomberg is dated October 6, 2026 and [2] FinTech Futures October 7, 2026.Verified
Sources
- [1]Bloomberg (opens in a new tab)OKX Raises Funds at $25 Billion Valuation With Backing From StanChart, CircleOKX Raises Funds at $25 Billion Valuation With Backing From StanChart, Circle
- [2]FinTech Futures (opens in a new tab)OKX locks in $25bn valuation with fresh investments from Circle, QRT, Ripple, and Standard CharteredOKX locks in $25bn valuation with fresh investments from Circle, QRT, Ripple, and Standard Chartered
