EDX Markets Raises $76M Led by SBI Holdings

EDX Markets closed a $76 million Series C funding round led by SBI Holdings, the digital asset technology firm said Wednesday. The round backs EDX's institutional-only trading venue and central clearinghouse, a structure designed to reduce counterparty risk for members while offering firm pricing and deep liquidity.

The company operates a marketplace that combines exchange-style order books with a clearing model that nets trades before settlement. That structure is meant to minimize the capital and operational burden on member firms, a key selling point as institutional crypto trading grows. EDX is backed by a roster of trading firms and venture capital investors, though the company did not disclose full participant details for this round.

SBI Holdings, a Japanese financial conglomerate with a large crypto and blockchain portfolio, led the round. The investment signals continued institutional appetite for regulated digital asset infrastructure, particularly venues that separate execution from custody and settlement.