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

The funding will support expansion of EDX's trading, clearing, and settlement capabilities, plus new product development and global operations.

Reported · Written up by our desk · Market Structure

EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release.

SBI Holdings, a Tokyo-listed financial group, will become a strategic investor in the U.S. exchange as part of its broader push to build crypto infrastructure, including initiatives tied to stablecoins.

EDX said the capital will be used to expand its trading, clearing, and settlement capabilities, along with product development and global operations, aiming to improve how financial institutions access digital assets.

The Series C follows other steps by EDX, including filing an application with the Office of the Comptroller of the Currency to establish EDX Trust for regulated custody, clearing, and settlement, and launching EDX FlowConnect, a crypto-as-a-service offering for firms building their own trading products.

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