TechFlow News, May 28: According to Edaily, Korea Investment Securities will sign an agreement with OKX on May 29 to each acquire a 20% stake in South Korean cryptocurrency exchange Coinone, collectively securing a 40% equity interest. The transaction value is estimated at KRW 500–600 billion.
The report states that the deal will primarily involve the issuance of new shares, along with a partial transfer of existing shares, while Coinone’s current management will retain control. Korea Investment Securities and OKX plan to leverage this partnership to advance business initiatives including tokenized securities issuance and trading, digital asset investment services for corporate clients, and prime brokerage services.
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