![OKX Ventures and Korea Investment & Securities Commit 6 Million to Coinone Partnership]](https://i2.wp.com/cdn.sanity.io/images/s3y3vcno/production/2a5375a52db6596c0f51e89041e53f604c35310b-4240x2832.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg&ssl=1 "OKX Ventures and Korea Investment & Securities Commit 6 Million to Coinone Partnership]")
OKX Ventures and Korea Investment & Securities Commit $106 Million to Coinone Partnership]
OKX Ventures, the investment arm of cryptocurrency exchange OKX, has agreed to acquire a 19.6% stake in South Korean digital asset platform Coinone for KRW 80 billion ($53 million), the companies announced Friday.
Korea Investment & Securities (KIS), one of South Korea’s major brokerages, will matching the investment with an identical KRW 80 billion stake, bringing the total capital commitment to KRW 160 billion ($106 million).
The transaction, pending regulatory approval, will be executed through a combination of secondary share purchases and new share issuances. Upon completion, Coinone CEO Cha Myunghun will retain his position as the exchange’s largest shareholder with a 27.8% stake and continue leading operations.
Com2uS Holdings and its affiliates will maintain a 25% ownership position, while OKX Ventures and KIS will become joint third-largest shareholders. The agreement follows preliminary discussions reported by Yonhap news agency earlier this month, which indicated the two investors were pursuing approximately 20% stakes collectively.