EDX Markets closes $76M Series C led by SBI Holdings

EDX Markets has secured $76 million in Series C funding from SBI Holdings, deepening the institutional crypto exchange's ties with the Japanese financial group.

The capital will go toward trading and clearing infrastructure, new settlement capabilities, and international expansion, the company said. EDX is positioning its venue as a regulated alternative for institutional traders by combining a spot exchange with a central clearinghouse modeled on traditional finance.

EDX said the investment strengthens its strategic partnership with SBI, which has been building a regulated digital asset ecosystem. SBI recently backed Japan's first trust bank-issued yen stablecoin, JPYSC.

The exchange recently launched EDX FlowConnect, a service that lets financial firms offer crypto trading through their own platforms. It also filed an application with the Office of the Comptroller of the Currency to establish EDX Trust, a national trust bank for digital asset custody and settlement.

The OCC has not yet ruled on the application. EDX competes with other institution-focused venues as more traditional firms seek regulated crypto access.