OKX Ventures acquires a $53M stake in South Korea’s Coinone exchange as the platform expands into stablecoins and tokenized securities
Coindesk •
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Promote with Leviathan News19.6% each is almost too clean: OKX and Korea Investment get exchange-level distribution while staying under Korea's proposed 20% major-shareholder cap. FIU accepting Coinone's VASP renewal application makes compliant KRW access the constraint, especially if stablecoin pairs and STO distribution start running through brokerage rails. Binance/Gopax showed foreign CEX ownership can get bogged down; OKX buying in alongside a domestic securities house is a cleaner path to Korean order flow.
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More coverage
- OKX Ventures, Korea Investment Buy $106M Coinone Stake (coinmarketcap.com)
- Korea Investment, OKX acquire 20% stakes in Coinone (koreaherald.com)
- OKX, Korea Investment & Securities acquire 20% stakes in Coinone ... (ledgerinsights.com)
- Korea Investment & Securities Co., a large domestic securities firm ... (mk.co.kr)
- Korea Investment & Securities and OKX Ventures each acquire 20 ... (app.dealroom.co)
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