The post EDX Markets Lands $76M From SBI Holdings To Build A Regulated Crypto Custody And Settlement Engine appeared on BitcoinEthereumNews.com.
When EDX Markets filed to create a national trust bank, it wasn’t just asking for a new charter. It was laying the groundwork to become the dominant regulated settlement venue for institutional digital asset trading. On Tuesday, it secured $76 million more to accelerate that vision, closing a Series C round led by SBI Holdings, according to the funding update. The fresh capital will expand EDX’s trading, clearing, and settlement infrastructure and scale global operations. It also comes just months after the exchange launched EDX FlowConnect, its crypto-as-a-service platform, and applied to the U.S. Office of the Comptroller of the Currency to establish EDX Trust, a national trust bank for regulated digital asset custody, clearing, and settlement. SBI’s leadership of the round signals that serious institutional money is betting the platform can
The post Institutional Crypto Exchange EDX Lands $76M From SBI Holdings appeared on BitcoinEthereumNews.com.
EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand. The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients. The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, highlighting continued investor appetite for institutional crypto infrastructure despite a slower venture funding market. Source: E
The post EDX Markets raises $76 million in Series C funding round led by SBI Holdings appeared on BitcoinEthereumNews.com.
EDX Markets, an institutional cryptocurrency trading platform, said it raised $76 million in a Series C funding round led by SBI Holdings. The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets. SBI Holdings has been one of Japan’s most active financial groups in crypto. Its SBI VC Trade unit offers access to Ripple’s RLUSD stablecoin in Japan, while SBI Shinsei Trust Bank recently issued JPYSC, a yen-denominated stablecoin developed with Startale Group. Last month, SBI agreed to acquire crypto exchange Bitbank for 46.7 billion yen ($289 million), adding to its existing SBI VC Trade platfor
EDX Markets' funding round highlights the increasing institutional demand for regulated crypto infrastructure, potentially reshaping financial markets.
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Norm AI's innovation could significantly reduce legal costs and reshape compliance processes, impacting financial services and other regulated sectors.
The post Norm AI raises $120M to automate legal services and reinvent how law firms bill clients appeared first on Crypto Briefing.
Insider Brief PRESS RELEASE — AI model lab Scaled Cognition announced it has raised $100 million in a Series A funding round led by Khosla Ventures. The company is focused on solving one of the biggest challenges in AI today: reliability. While AI systems have become remarkably capable, they remain prone to mistakes and hallucinations that limit their use […]
Mesh's $1B valuation highlights growing confidence in crypto payment infrastructure, signaling potential for diverse, scalable financial ecosystems.
The post Mesh raises $75M Series C at $1B valuation as crypto payments infrastructure heats up appeared first on Crypto Briefing.
