OKX Ventures and Korea Investment & Securities Plan $106 Million Coinone Investment

South Korean crypto exchange Coinone is set to receive a combined investment of 160 billion won, around $106 million, from OKX Ventures and Korea Investment & Securities (KIS). The deal, still awaiting regulatory approval, would give the two firms a combined 19.6% stake in the exchange.

The investment includes both newly issued shares and purchases from existing shareholders. Coinone chief executive Myung Hun Cha is expected to remain the company’s largest shareholder and keep management control after the transaction.

OKX Expands Presence in South Korea Crypto Industry

The agreement marks OKX Ventures’ first direct entry into South Korea’s highly regulated digital asset market, where licensing and compliance rules remain strict. KIS, one of South Korea’s major financial firms, plans to work with Coinone on security token offerings and stablecoin-related businesses.

South Korea Strengthens Crypto Regulations

The investment comes as South Korea continues tightening oversight of crypto exchanges under the Virtual Asset User Protection Act. At the same time, regulators are opening the market to greater institutional involvement, encouraging partnerships between traditional finance firms and digital asset platforms.