TL;DR
- EDX Markets has raised $76 million in a Series C funding round led by SBI Holdings to accelerate international growth and launch new institutional products.
- The company uses a separate-custody model with central clearing to reduce counterparty risk.
- The funding also strengthens EDX’s push to connect traditional finance with regulated digital asset infrastructure as institutional crypto adoption continues to expand.
Institutional demand for digital assets continues to grow as market participants seek infrastructure that aligns with the standards of traditional finance. EDX Secures $76M To Expand Its Institutional Platform Built On A Separate-Custody Framework at a time when regulated trading venues are attracting greater attention from banks, brokers, and asset managers looking to enter the crypto market without relying on conventional exchange models.
EDX Secures $76M To Expand Its Institutional Platform
EDX Markets announced it has completed a $76 million Series C financing round led by Japan’s financial group SBI Holdings. The company said the new capital will support international expansion, product development, and additional services designed for institutional investors.
Unlike most crypto exchanges, EDX separates trading from custody and settlement through a central clearinghouse. This structure reduces direct counterparty exposure by ensuring client assets remain outside the trading venue, reflecting operational practices widely used across traditional securities markets.
The platform initially focused on spot trading but has gradually expanded its offerings. Earlier this year, EDX introduced FlowConnect, a crypto-as-a-service solution that enables financial institutions to integrate digital asset trading into their existing platforms without building the infrastructure from scratch.
The company also applied for a U.S. national trust bank charter through the Office of the Comptroller of the Currency. If approved, EDX Trust would provide regulated custody, clearing, settlement, and risk management services under a single framework designed for institutional clients.
Institutional Adoption Continues To Accelerate
SBI Holdings has steadily increased its exposure to digital assets over recent years. Beyond leading this funding round, the Japanese financial group has expanded its crypto operations through SBI VC Trade, supported stablecoin initiatives, and agreed to acquire the crypto exchange Bitbank to strengthen its domestic presence.
EDX launched in 2023 with backing from major financial and venture capital firms including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Paradigm, and Sequoia Capital. That combination of traditional finance and crypto-focused investors reflects growing confidence in infrastructure tailored for institutional participation.
