EDX Markets raises $76 million in funding round led by SBI Holdings
EDX Markets has secured $76 million in a new funding round led by SBI Holdings to expand its institutional crypto marketplace. The company aims to use these funds to grow internationally and develop new products while pursuing a U.S. national trust bank charter.
Why it matters
The investment highlights the ongoing institutionalization of cryptocurrency markets and the strategic expansion of Japanese financial groups into global digital asset infrastructure.
The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets.
The article provides a factual report on corporate funding and business strategy without editorializing.
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