Key Highlights
- EDX Markets has raised $76 million in a Series C funding round led by SBI Holdings.
- The company plans to expand its institutional trading, clearing, settlement, and custody infrastructure.
- SBI said the investment complements its broader digital asset strategy, including stablecoins and regulated financial services.
Institutional crypto exchange EDX Markets today announced securing $76 million in fresh funding led by Japan’s financial giant SBI Holdings, as the company looks to strengthen its position in the rapidly growing market for regulated digital asset infrastructure.
According to the official release, the Series C funding will be used to expand EDX’s institutional trading venue, enhance its clearing and settlement capabilities, accelerate product development, and support international expansion.
The investment comes as banks, brokerages, and asset managers increasingly seek regulated infrastructure to access digital assets without relying on retail-focused crypto exchanges.
Why EDX raised the funds
Unlike conventional crypto exchanges, EDX operates an institution-only marketplace paired with a central clearing model designed to reduce counterparty risk and improve capital efficiency. The company says the latest funding will help meet rising demand from financial institutions looking for infrastructure that combines digital asset innovation with the operational standards of traditional capital markets.
“We’re pleased to welcome SBI as a strategic partner as we continue to expand our suite of digital asset products and services,” said Tony Acuña-Rohter, CEO of EDX Markets.
According to Acuña-Rohter, SBI’s experience serving global financial institutions and building regulated digital asset businesses makes it a natural partner for EDX’s next stage of growth.
SBI doubles down on crypto
For SBI Holdings, the investment represents another step in its long-term strategy to build regulated digital asset infrastructure. The Japanese financial group recently introduced JPYSC, Japan’s first trust bank-backed yen stablecoin, while also expanding support for dollar-backed stablecoins, including USDC and RLUSD.
“EDX has built a robust, regulatory-compliant platform that addresses the growing demand for institutional digital asset infrastructure,” said Yoshitaka Kitao, Chairman and CEO of SBI Holdings.
Kitao said trusted market infrastructure will play a critical role as financial institutions continue adopting digital assets.
Expansion builds on recent product rollout
The funding follows a series of strategic initiatives by EDX aimed at expanding its institutional offerings. Earlier this year, the company launched EDX FlowConnect, a crypto-as-a-service platform that enables financial firms to integrate digital asset trading into their own products.
More recently, EDX filed an application with the Office of the Comptroller of the Currency (OCC) to establish EDX Trust, a proposed national trust bank that would provide regulated custody, clearing, settlement, and risk management services for institutional clients. If approved, the trust bank would significantly expand EDX’s ability to offer end-to-end digital asset infrastructure under U.S. regulatory oversight.
Institutional competition continues to grow
The latest funding highlights growing competition among firms building institutional-grade crypto infrastructure. As regulatory clarity improves across major markets, companies are racing to develop compliant trading, custody, and settlement services that can support growing institutional participation in digital assets.
With backing from one of Asia’s largest financial groups, EDX is expanding its institutional infrastructure as traditional financial firms continue increasing their involvement in digital assets.
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