OKX Ventures and Korea Investment & Securities (KIS) plan to invest a combined $106 million to acquire a major equity stake in South Korea’s crypto exchange Coinone. Multiple outlets report that OKX Ventures and KIS each will contribute $53 million (reported as KRW 80 billion per investor) to purchase roughly a fifth of Coinone, with figures cited around 19.6% to 20% depending on the report. The deal is presented as another example of large global crypto firms seeking exposure to South Korea’s crypto market, which is subject to significant regulation. CoinDesk and CoinTelegraph also link the investment to Coinone’s broader business initiatives, including expanding into stablecoins and tokenized securities. The Block frames the transaction as part of a continuing trend of major players building local presence, noting recent similar moves by other international exchanges.
Across sources, the core terms match: two investors contribute equal amounts, the target ownership level is about one-fifth of Coinone, and the transaction deepens ties between established financial institutions and crypto infrastructure in South Korea.
