EDX Markets secures $76 million in Series C funding round led by SBI Holdings

EDX Markets, a prominent digital asset technology firm, has successfully closed a $76 million Series C funding round. The funding was spearheaded by SBI Holdings and is aimed at supporting EDX's expansion of its trading, clearing, and settlement capabilities. The investment is set to drive product development and global operations scaling.

The partnership is expected to fortify EDX's capacity to deliver market access and capabilities crucial for financial institutions to confidently and extensively engage with digital assets. The investment is aligned with SBI Holdings' objective of bolstering regulated digital asset infrastructure.

SBI Group's recent launch of JPYSC, Japan's first trust bank-backed yen stablecoin, demonstrates the organization's commitment to expanding its digital asset product ecosystem. Yoshitaka Kitao, Representative Director, Chairman, President of SBI Holdings, commended EDX for building a robust, regulatory-compliant platform to cater to the escalating demand for institutional digital asset infrastructure.

The collaboration aims to drive innovation, expand market access, and promote the broader utilization of digital assets globally. Earlier this year, EDX introduced EDX FlowConnect™, a crypto-as-a-service offering, and filed an application with the Office of the Comptroller of the Currency (OCC) to establish EDX Trust, a proposed national trust bank designed to offer regulated digital asset custody, clearing, settlement, and risk management services.