Crypto exchange OKX has raised new funding at a $25 billion valuation, the company said on Tuesday, October 6, revealing investment from several of the digital asset industry's leading firms.

In an announcement, the exchange said stablecoin giant Circle, fintech firm Ripple and SC Ventures — the investment arm of British bank Standard Chartered — all participated in the fundraise. OKX's post on X announcing the round also named QRT among the investors and described the deal as a strategic investment at a $25 billion-money valuation.

We're announcing a strategic investment from @Circle, QRT, @Ripple and SC Ventures by @StanChart at a $25 Billion pre-money valuation. This is how we're aligning critical builders behind our vision for the next generation of onchain markets.

— OKX (@okx) October 6, 2026

The makeup of the investor group — a stablecoin issuer, a fintech and a bank-backed venture arm — mirrors the exchange's stated goal of pulling financial infrastructure builders into its onchain markets push.

The raise follows an investment from Intercontinental Exchange earlier this year, a move intended to accelerate tokenization. On Sunday, the two firms' joint venture, OKXICE, filed with the Securities and Exchange Commission to launch a tokenized securities platform for around-the-clock trading of U.S. stocks.

"Through strategic investment and partnership, OKX is aligning some of the most critical builders of financial infrastructure behind its vision for the next generation of onchain markets," OKX said in a statement.

OKX CEO and founder Star Xu said the new capital would help the company tokenize real-world assets.

"The exchange was our starting point, and we are evolving into a broader global financial technology platform," he added. How the new capital is deployed toward real-world assets, and how the OKXICE filing progresses with the SEC, will be among the clearest markers of whether that platform expansion takes shape.

A number of top Wall Street firms have shown growing interest in the technology that powers Bitcoin. Traditional finance titans such as BlackRock and Franklin Templeton have for years used blockchain rails to tokenize money funds.

Tokenization has become a bigger buzzword on Wall Street since the United States elected pro-crypto president Donald Trump. The president has appointed regulators who have taken a friendlier stance toward overseeing the crypto space, and the SEC in September approved tokenized stock trading.

Other big deals bridging traditional finance and the crypto industry include the S&P 500 in January giving crypto platform Trade[XYZ] the green light to debut a new derivative contract on decentralized exchange Hyperliquid, allowing traders to trade the stock index 24-7.

This article first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.