Korea Investment & Securities and OKX Ventures each invested 80 billion won to acquire a 19.6% stake in Coinone
According to CoinDesk, South Korea's major brokerage firm Korea Investment & Securities (KIS) and the investment institution OKX Ventures under the cryptocurrency exchange OKX officially signed an agreement on May 29, with both parties investing 80 billion won (approximately 53 million USD) each to acquire 19.6% of the shares of the South Korean cryptocurrency exchange Coinone (a total of 39.2%). This transaction is still pending approval from regulatory authorities.
It is reported that the total transaction amount of 160 billion won will be conducted through a combination of purchasing existing shares and subscribing to new shares. After the transaction is completed, Coinone's founder and CEO Cha Myunghun will hold 27.8% of the shares, continuing to maintain the status of the largest shareholder and retaining management control; Com2uS Holdings and its affiliates will hold 25%; Korea Investment & Securities and OKX Ventures will jointly become the third-largest shareholders.
Korea Investment & Securities stated that it will rely on this equity cooperation to promote the issuance and distribution of tokenized securities (STO), expand corporate virtual asset investment clients, and develop digital asset businesses such as bulk brokerage. In addition, recently, as South Korean regulatory authorities hinted at relaxing the principle of financial asset separation, several traditional financial giants in South Korea, including Samsung Securities and Hana Bank, have been accelerating their efforts to acquire shares in virtual asset exchanges.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Collective Change of Ownership for Crypto Exchanges? The Positioning Competition Among South Korean Financial Giants

The Samsung SK Hynix Leveraged ETF will be listed this Wednesday

The Korean FSC is reviewing whether Hana Bank's acquisition of Dunamu shares violates regulatory rules

Morning News | AEON completes $8 million Pre-Seed round financing led by YZi Labs; Goldman Sachs liquidates XRP and Solana ETF holdings in Q1; Strategy increased its holdings by 24,869 BTC last week

Circle CEO plans to visit South Korea next week to meet with banks and CEX to promote USDC adoption

Hana Financial Group signs a memorandum of understanding with Standard Chartered Group to collaborate on expanding digital asset business

Why keeping your private keys safe won’t always stop crypto theft

Michael Saylor Prefers Regulatory Standards Over the CLARITY Act

Two routes now open after heavy blow to crucial crypto bill

Open-source Memecoin launchpad adds 1,373 lines of solidity in latest development release

BlackRock says Bitcoin volatility fell to 35–40

Gemini Hacks Three Companies Autonomously: What It Means

France crypto home attack steals €40,000: Report

EU staking review threatens crypto yields and network security could pay the price

DCENT Issues Urgent Security Warning for XRP Users

Cybercriminals Create Fake AI Agents to Install Malware and Steal Cryptocurrencies

Toyosa adds BTC alongside USDT for Toyota purchases

Bitcoin: VanEck Criticizes Metaplanet's Compensation Model

Ethereum sets 2029 quantum target as Hegotá takes shape

Stablecoin salaries can leave workers paying to access their wages

After FomoPeek Theft: You Need This New Private Key Security Guide!

Hong Kong jails ex-banker over $470K USDT bribes

Hut8 Bitcoin Mining Founder Marc van der Chijs: AI May Cause Systemic Shock, Reconfigure Back to BTC

Why is Cryptocurrency Still Rising? A Conversation on Bull Markets, Regulation, Interest Rates, and Stock Tokenization
![[Coin Crime] "If you give us Tether, we will give you oil" - Polish state-owned company falls victim to international fraudsters](/public-static/18_26310349ce.png?format=avif)
[Coin Crime] "If you give us Tether, we will give you oil" - Polish state-owned company falls victim to international fraudsters

Why real-time election odds are misleading prediction market crypto traders

Ripple says asset managers prepare for XRPL Batch

500 agents and £500 million: London aims to track dirty money everywhere

RWA market reaches $34.18B as equities surge 390.4%









