Crypto infrastructure firm EDX Markets closes $76 million Series C led by SBI Holdings

Institutional crypto marketplace EDX Markets has secured $76 million in fresh funding through a Series C round led by SBI Holdings to expand its market infrastructure and accelerate international growth.

According to the company, the fresh capital will be used to support investments in trading, clearing and settlement technology while advancing new products for institutional clients. EDX said it is responding to growing demand for regulated digital asset infrastructure by combining an institution-only trading venue with a central clearinghouse modeled on traditional financial markets.

“SBI brings deep expertise serving global financial institutions and has built one of the world’s leading digital asset and financial services ecosystems,” Tony Acuña-Rohter, CEO of EDX Markets, said in a statement. “Their extensive global network and proven track record of driving growth for innovative businesses make them an ideal partner who shares our vision for advancing institutional participation in digital assets. Their investment strengthens our ability to deliver the capabilities and market access that financial institutions need to engage with digital assets confidently and at scale.”

The funding also deepens EDX’s relationship with SBI, which has been expanding its regulated digital asset ecosystem through initiatives including Japan’s first trust bank-backed yen stablecoin, JPYSC.

Discussing the move, SBI Holdings Chairman and President Yoshitaka Kitao said EDX’s regulated platform is well positioned to support growing institutional demand for digital asset infrastructure, adding that trusted market infrastructure will be critical as the company expands its stablecoin ecosystem and digital asset offerings.

“As SBI Group continues to expand its digital asset ecosystem through initiatives such as the issuance of JPYSC, a yen-denominated stablecoin, and the domestic handling of US dollar-denominated stablecoins including RLUSD and USDC, we believe trusted market infrastructure will serve as a critical foundation for institutional adoption. We look forward to working closely with EDX to accelerate innovation, expand market access and help drive the broader use of digital assets globally,” he said.

EDX recently introduced EDX FlowConnect, a crypto-as-a-service solution for financial firms, and filed an application with the Office of the Comptroller of the Currency to establish EDX Trust, a proposed national trust bank focused on digital asset custody and settlement.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.