2 weeks ago
The crypto exchange's concern limb and Korea Investment & Securities volition each put KRW 80 cardinal ($53 million) arsenic Coinone pushes into stablecoins and tokenized securities.
May 29, 2026, 6:07 a.m. 1 min read
OKX Ventures, the concern limb of crypto speech OKX, volition put KRW 80 cardinal ($53 million) for a 19.6% involvement successful South Korean cryptocurrency speech Coinone, the companies announced Friday, marking 1 of the largest caller investments by a planetary crypto steadfast into Korea's integer plus sector.
Korea Investment & Securities (KIS), 1 of South Korea's largest brokerages, volition marque an identical KRW 80 cardinal concern and besides clasp a 19.6% involvement upon completion of the transaction, which remains taxable to regulatory approval.
The combined KRW 160 cardinal ($106 million) woody volition beryllium structured done a premix of secondary stock purchases from existing shareholders and subscriptions for recently issued shares, according to a institution statement.
Following the investment, Coinone CEO Cha Myunghun is expected to stay the exchange's largest shareholder with a 27.8% involvement and clasp absorption control. Com2uS Holdings and its affiliates volition clasp 25%, portion OKX Ventures and KIS volition go associated third-largest shareholders.
The woody formalizes discussions archetypal reported by Yonhap earlier this month, which said OKX and KIS were considering acquiring astir 20% stakes successful Coinone.
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