Korea Investment & Securities and OKX to Acquire 40% Stake in Coinone

Korea Investment & Securities and OKX are set to sign an agreement on May 29 to acquire a combined 40% stake in Coinone, with each party taking a 20% share. The transaction is reportedly valued between 500 billion and 600 billion Korean won ($332 million–$398 million) and is expected to be completed primarily through the issuance of new shares. Existing major shareholders will retain operational control. Korea Investment & Securities said the investment will support expansion into tokenized securities issuance and trading, digital asset brokerage services, and institutional client offerings, reflecting growing interest from traditional financial firms in South Korea’s crypto sector.