OKB Token Surges 38% on NYSE’s OKX Investment at $25B Valuation

The New York Stock Exchange’s genitor institution has invested successful OXK, successful a woody that values the crypto speech astatine $25 billion.

According to a study successful Fortune, the woody volition alteration OKX users to commercialized tokenized stocks and derivatives listed connected the NYSE, from the second fractional of the year.

Haider Rafique, planetary managing spouse of firm affairs astatine OKX, told Fortune that determination was “great chemistry successful however we looked astatine the satellite and the aboriginal of tokenized securities, however derivatives should marque it to the planetary stage, however TradFi [and] integer assets should merge together,” adding that, “This is not conscionable a precise casual investment.”

OKX’s inferior token OKB has surged to $106.70 connected the news, up much than 38% implicit the past 24 hours according to CoinGecko data.

This is the latest determination successful the New York Stock Exchange’s broader propulsion into crypto. In January, the NYSE announced that it was processing a blockchain-based trading level for tokenized securities. Speaking to Fortune, Intercontinental Exchange’s vice president of strategical initiatives Michael Blaugrund said that inaugural and its concern with OKX are “complementary projects, but they’re not a azygous project.”

In February, NYSE President Lynn Martin said that the speech “felt the work to participate into the tokenization conversation.”

Crypto Exchange OKX Plans to Go Public successful the US: Report

OKX relaunched successful the U.S. past April, soon aft reaching a $500 cardinal colony with the Department of Justice that saw it plead blameworthy to serving U.S. customers without a wealth transmitter license, and failing to travel anti-money laundering laws. At the time, the speech said it continues to "prioritize innovation with compliance."

According to a June 2025 interrogation with Rafique, the steadfast is considering a U.S. IPO arsenic it aims to unafraid a stronger foothold successful the U.S. market.