Coinone, with Korea Investment, OKX and Com4-uS alliance invests 800 billion won

Coinone announced that it had formed an alliance with Com4uS Holdings, Korea Investment & Securities and OKX Ventures. The alliance presented a growth roadmap to become a global comprehensive financial platform. Coinone said it aimed to expand its digital financial services.4Coinone said it aimed to expand its digital financial services.

The cooperation included the New York Stock Exchange (NYSE). It was reported that an investment of 800 billion won was executed in Coinone under the cooperation with NYSE. Star Xu, founder of OKX, described Korea as the “most mature digital asset market.”

Korea Investment & Securities emphasized ties with traditional finance, according to reports. OKX Ventures mentioned expanding its global network, while Com

Coinone said the alliance would strengthen its competitiveness in digital finance. The announcement also mentioned the possibility of changes in the competitive landscape with major domestic exchanges. It said the schedule for launching specific services and detailed plans would be disclosed sequentially.

Representatives of the OKX founder described the investment as being for the purpose of long-term investment. They reportedly also expressed their intention to break down barriers between traditional finance and virtual assets. Coinone said it would review plans for additional investments and expanding global partnerships.

The company briefly mentioned related legal and regulatory procedures, but did not disclose details. More information is expected to emerge through future disclosures by affiliated companies and company announcements. Specific disclosures for investors will need to be confirmed later.