Crypto heavyweights bet big on OKX

00:00 Speaker A

OKX draws investment from StanChart, that's standard chartered. I didn't know we could just call it StanChart.

00:06 Speaker A

Circle, Ripple, as it pushes beyond crypto exchange roots.

00:10 Speaker A

The exchange is increasingly aiming to position itself as a global financial tech platform, spanning crypto, payments, and tokenized assets following an investment and joint venture with the New York Stock Exchange parent Ice.

00:21 Speaker A

That was a mouthful.

00:22 Speaker A

So, this is an investment by all of these companies. It's Circle Ripple Standard Charter Ventures by Standard Charter, Cube Research and technologies and QRT. So a bunch of them and I'll tell you what why each of those matter because I think the names matter more than the money

00:40 Speaker A

at a $25 billion pre-money valuation.

00:43 Speaker A

Interestingly, Ice, the Intercontinental Exchange also invested in OKX earlier, but it's actually the same round at the same valuation of $25 billion.

00:54 Speaker A

So this is an extension of the March round that we discussed in the past, not a new round. The valuation is not new, but the invest the additional investors are. So let's look at the mix, right?

01:03 Speaker A