EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund…
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EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund… EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund expansion of EDX’s trading, clearing and settlement capabilities, along with product development and global operations, according to the release. “Their investment strengthens our ability to deliver the capabilities and market access that financial institutions need to engage with digital assets confident
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EDX Markets has closed a $76 million Series C funding round led solely by Japan’s SBI Holdings, a move that signals how seriously major traditional finance institutions are now betting on regulated institutional crypto trading infrastructure. It is the first time EDX has publicly disclosed the size of one of its funding rounds — a notable shift for a firm whose earlier backers included Citadel Securities, Fidelity Investments, Charles Schwab, Sequoia Capital, and Paradigm, all of whom participated in rounds whose terms were never revealed. Key takeaways EDX Markets raised $76 million in a Series C round with SBI Holdings as the sole investor — the company’s first publicly disclosed funding amount. The capital will go toward expanding trading, clearing, and settlement services, accelerating product development, and scaling global operations. EDX integrated with Ripple Prime in May to giv
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EDX Markets has raised $76 million in Series C funding to expand its institutional crypto trading business. Summary EDX secured $76 million as institutional demand for regulated crypto trading infrastructure keeps drawing capital. SBI led the round while EDX expands spot trading, perpetual futures, clearing, and settlement services. Recent Ripple Prime integration shows EDX pushing deeper into institutional access and stablecoin-based collateral plans. The digital asset technology firm said the round was led by Japan’s SBI Holdings. EDX plans to use the funding to grow its trading, clearing, and settlement services, build new products, and expand its global operations. EDX operates an institutional-only crypto marketplace and a central clearinghouse. The company also runs a U.S.-focused spot exchange and a Singapore-based perpetual futures venue for eligible non-U.S. institution
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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
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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