Overview
- Coinone announced on May 29 that OKX Ventures and Korea Investment & Securities will each invest KRW 80 billion for about 19.6%–20% stakes, using a mix of secondary share purchases and new share subscriptions.
- The combined KRW 160 billion transaction is subject to Korean regulatory approval and a planned joint media briefing to outline cooperation and next steps.
- Coinone CEO Cha Myunghun will remain the controlling manager after the deal, though sources differ on his exact post‑deal stake with reports ranging from about 27.8% to 30.36%.
- The partners said they will work on stablecoins, tokenized securities and improvements to user protection, security and risk management, framing the deal as product and compliance focused rather than just an equity sale.
- The deal joins a wave of large institutional moves in South Korea’s crypto sector and could speed product development while raising regulatory questions about ownership caps and won‑stablecoin circulation that regulators and the Bank of Korea are watching closely.