EDX's approach focuses on institutional clients by utilizing a central clearinghouse to decouple trading from custody, thereby reducing counterparty risk.
By Francisco Rodrigues|Edited by Sheldon Reback Jul 7, 2026, 2:07 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SBI Holdings spearheaded EDX Market's $76 million fundraising effort. (Dmytro Glazunov/Unsplash)SummaryShow- EDX Markets, a cryptocurrency trading platform tailored for institutional clients, has raised $76 million in a funding round led by SBI Holdings, aimed at enhancing product offerings and expanding internationally.
- The company's strategy focuses on institutional clientele by utilizing a central clearinghouse that separates trading from custody, thus minimizing counterparty risk.
- EDX is diversifying its offerings beyond spot trading with its "FlowConnect" product and is seeking a U.S. national trust bank charter.
EDX Markets, a platform designed for institutional cryptocurrency trading, announced it has successfully secured $76 million in a Series C funding round, with SBI Holdings at the helm.
The funding will be directed towards developing new products and pursuing international expansion. EDX operates a marketplace exclusive to institutions, which separates trading from custody and settlement via a central clearinghouse, a model that aims to mitigate counterparty risk and is akin to traditional financial market structures.
SBI Holdings is recognized as a leading financial entity in Japan's crypto sector. Its SBI VC Trade division provides access to Ripple’s RLUSD stablecoin within Japan, and SBI Shinsei Trust Bank has recently launched JPYSC, a yen-based stablecoin developed in collaboration with Startale Group.
Recently, SBI confirmed its plans to acquire Bitbank for 46.7 billion yen ($289 million), further strengthening its presence in the crypto market alongside its existing SBI VC Trade platform.
EDX is also expanding its services beyond just spot trading. Earlier this year, the company launched FlowConnect, a crypto-as-a-service offering that enables financial institutions to provide crypto trading options to their client base.
In April, EDX submitted an application for a U.S. national trust bank charter via the Office of the Comptroller of the Currency (OCC). If granted, EDX Trust would offer regulated services including custody, clearing, settlement, and risk management for crypto clients.
EDX was launched in 2023 with support from notable investors such as Citadel Securities, Fidelity Digital Assets, Charles Schwab, Paradigm, and Sequoia Capital.
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SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
The stablecoin market capitalization dropped to $312 billion in June, marking its largest decline since TerraUSD, while tokenized equity volumes surged by 145% to a record $3.86 billion.
By CoinDesk Research2 hours agoThe stablecoin market capitalization dropped to $312 billion in June, marking its largest decline since TerraUSD, while tokenized equity volumes surged by 145% to a record $3.86 billion.
Why it matters:
The stablecoin market capitalization dropped to $312 billion in June, marking its largest decline since TerraUSD, while tokenized equity volumes surged by 145% to a record $3.86 billion.
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