Mingxing “Star” Xu, founder of OKX and a prominent figure in the global cryptocurrency industry, appears on the 2025 Formula 1 Rich List due to his rapid ascent in digital finance and his company’s high-visibility motorsport investments. OKX’s role as a Primary Partner of McLaren Racing has made Mingxing Xu F1 crypto partnership one of the most impactful blockchain-sector collaborations in Formula 1.
Quick Facts
- Net Worth 2025: $1.7B
- Age: 40
- Source of Wealth: OKX (Crypto Exchange)
- Nationality: Chinese
- F1 Involvement: OKX — Official Primary Partner of McLaren Racing
Biography
Mingxing Xu founded OKX (formerly OKEx) and helped grow it into one of the world’s most influential cryptocurrency exchanges. His leadership spans digital asset trading, blockchain research, Web3 innovation, and global expansion initiatives focused on decentralised finance.
Under Xu’s direction, OKX has become a major ecosystem supporting millions of users with advanced trading tools, NFT marketplaces, staking opportunities, and industry-leading proof-of-reserves transparency. His approach blends technical innovation with mainstream brand positioning — including high-profile partnerships in sport and entertainment.
The company’s entry into Formula 1 created a transformative moment for motorsport sponsorships, with Mingxing Xu F1 crypto partnership signalling the increasing integration of blockchain technology with global sporting audiences.
Learn more at the official OKX website.
Connection to Formula 1
As McLaren Racing’s Primary Partner, OKX is prominently featured on the team’s car livery, driver suits, and digital platforms. The partnership focuses on:
- Web3 fan-engagement tools and NFT-based experiences
- educational initiatives around blockchain and digital assets
- brand visibility across global broadcasts and race events
- collaborative marketing aimed at next-generation motorsport fans
McLaren and OKX have also co-launched limited-edition digital collectibles and creative livery designs, further embedding the partnership into Formula 1 fan culture.
Why Mingxing Xu Matters to the F1 Ecosystem
Mingxing Xu F1 crypto partnership represents a growing trend in Formula 1: the merging of digital finance with global sports entertainment. OKX’s presence accelerates blockchain adoption, pushes innovative fan-engagement models, and aligns F1 with one of the fastest-developing sectors in technology.
For the complete ranking and all profiles, visit the full 2025 Formula 1 Rich List.
