Coinone Attracts Strategic Investment from Korea Investment & Securities and OKX

Korea Investment & Securities and OKX Ventures Become Joint Third Largest Shareholders

Korea Investment & Securities and the investment division of the global virtual asset exchange OKX have become the third largest shareholders of Korea's virtual asset exchange Coinone.

Coinone announced on the 29th that it held a strategic equity investment agreement signing ceremony with Korea Investment & Securities, OKX Ventures, and Com2us Holdings at its headquarters in Yeouido, Seoul.

This investment will be carried out by Korea Investment & Securities and OKX Ventures acquiring a portion of the existing shares owned by Cha Myunghun, the largest shareholder and CEO of Coinone, and Com2us Holdings, the second largest shareholder, as well as newly issued shares. Both companies will each acquire a 20% stake in Coinone, becoming joint third largest shareholders following CEO Cha Myunghun (30.36%) and Com2us Holdings (24.54%). CEO Cha's management rights will be maintained even after the investment.

Korea Investment & Securities explained the motive behind the investment as “establishing an ecosystem that combines traditional financial services with Coinone’s blockchain technology and securing new growth engines.” OKX Ventures, the investment arm of OKX, is expected to share insights such as overseas market operation experience through cooperation between OKX and Coinone.

Kim Sung-hwan, CEO of Korea Investment & Securities, stated, “This is the first step in moving beyond the boundaries of traditional finance into blockchain-based digital finance businesses. By combining the unique services and innovative technologies of Korea Investment & Securities, Coinone, OKX, and Com2us, we aim to generate powerful business synergy and take the lead in the digital finance market.” He added, “By integrating our compliance capabilities, we will build a sound digital asset ecosystem. Furthermore, we will become a key player in the global digital asset market by launching innovative financial products utilizing tokenized securities and linking stablecoins in the future.”

Seonghwan Kim, CEO of Korea Investment & Securities, Netero Dai, Global Market Head of OKX, Myunghun Cha, CEO of Coinone, and Cheolho Jung, CEO of Com2us Holdings (from left), are posing for a commemorative photo at the Coinone headquarters in Yeouido, Seoul, on the 29th during the Coinone investment attraction contract signing ceremony. Coinone

Netero Dai, Global Market Head of OKX, said, “Korea is one of the most mature digital asset markets in the world, with a regulatory framework that is highly regarded globally. OKX firmly believes that next-generation finance will be built on a solid regulatory infrastructure that complies with legal standards, and our investment in Coinone is based on this conviction. We look forward to building compliant digital financial services for Korean investors through close cooperation in the future.”

Jung Chulho, CEO of Com2us Holdings, said, “We have made multifaceted efforts to sign this contract with Coinone for global expansion and enhancement of corporate value through close collaboration. We will continue to work with our new strategic investors to achieve sustainable growth.”

Cha Myunghun, CEO of Coinone, stated, “We have selected the top partners from each sector that can maximize synergy with Coinone. Starting from this investment, we aim to secure a leading position in the emerging field of blockchain-based digital finance infrastructure.” He added, “As a regulated business entity, we will help virtual assets become a trusted industry by establishing a responsible shareholding structure. We will also do our utmost to comply with procedures and communicate with financial authorities for a smooth approval process of major shareholder changes.”

This content was produced with the assistance of AI translation services.