OKX secures $25B valuation in funding round led by Circle, Ripple, and Standard Chartered; $500M+ in crypto longs liquidated overnight; Abstract ceases operations.

VC & Fundraising · 2026-10-07

OKX completed a strategic funding round at a $25 billion valuation with investments from Circle, Ripple, Qube Research & Technologies, and SC Ventures by Standard Chartered. The round, which extends a March investment from Intercontinental Exchange, aligns infrastructure partners across stablecoin issuance, liquidity, collateral, and custody to support OKX's expansion into tokenized real-world assets and broader financial technology services.

Previously on Telem

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