OKX Ventures and Korea Investment & Securities each invest 80 billion won in Coinone
OKX Ventures and Korea Investment & Securities will each commit 80 billion won to Coinone. The funds support Coinone's expansion into stablecoins and tokenized securities.
CoinDeskOKX Ventures and Korea Investment & Securities will each invest 80 billion won ($53 million) in Coinone. The investment comes as Coinone advances plans to enter the stablecoin and tokenized securities markets.
Coinone's investment arm is providing one of the two equal tranches. Korea Investment & Securities is supplying the second tranche. The combined capital totals 160 billion won.
Coinone operates as a South Korean cryptocurrency exchange.
The exchange has not disclosed a closing date for the transaction.
Key Facts
Potential Impact
- 01
Coinone gains capital to develop stablecoin and tokenized securities products.
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