OKX Ventures, the investment arm of crypto exchange OKX, and Korea Investment & Securities (KIS) will each invest 80 billion won ($53 million) to acquire 19.6% stakes in South Korean crypto exchange Coinone, the companies announced Friday. The combined 160 billion won deal involves secondary share purchases and new share subscriptions, subject to regulatory approval. CEO Cha Myunghun will remain the largest shareholder with 27.8% and retain management control. Com2uS Holdings and affiliates will hold 25%. This investment marks one of the largest recent global crypto firm entries into Korea's digital asset sector, as Coinone pushes into stablecoins and tokenized securities. The deal formalizes discussions first reported earlier this month.

Key facts

• OKX Ventures and KIS each invest 80 billion won ($53 million) for 19.6% stakes in Coinone.
• CEO Cha Myunghun remains largest shareholder with 27.8% stake and management control.
• Deal includes secondary share purchases and new share subscriptions, subject to regulatory approval.
• Coinone aims to expand into stablecoins and tokenized securities.
• One of the largest global crypto investments into South Korea's digital asset sector.