EDX Crypto Funding
EDX Markets Secures $76 Million Series C Led by SBI Holdings for Institutional Crypto Expansion
Anonymous
Key Points
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EDX Markets reported daily trading volumes of up to US$685 million, highlighting its scale as an institutional-focused crypto venue.
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EDX Flowconnect, a crypto-as-a-service product launched earlier this year, enables firms to launch access to the exchange's liquidity for institutional use.
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The Block reported that SBI Holdings was the sole investor in EDX Markets’ Series C round, underscoring SBI’s dominant role in the funding.
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SBI has launched JPYSC, Japan’s first trust bank-backed yen stablecoin, as part of its broader digital-asset ecosystem that includes RLUSD and USDC.
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SBI aims to accelerate growth in the Asia-Pacific region through its investment in EDX, tying into its regional digital-asset expansion plans.
EDX Markets has closed a $76 million Series C funding round led by Japan's SBI Holdings, the company announced this week. The capital will go toward expanding its institutional crypto trading, clearing, and settlement infrastructure, as well as fueling international growth. Crypto.news reported that SBI was the sole investor in the round.
EDX already handles serious volume. The platform processes daily trading volumes of up to $685 million, making it one of the largest institutional-focused crypto venues in the market. Backers of the firm include Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab, according to Finance Feeds.
SBI Holdings Bets Big on Institutional Crypto Infrastructure
SBI Holdings, the Japanese financial giant, led the entire $76 million round on its own. Markets Media reported that the investment ties directly into SBI's broader push into digital assets across Asia. SBI has already launched JPYSC, Japan's first trust bank-backed yen stablecoin. It is also active in RLUSD and USDC stablecoin activities.
SBI aims to use the EDX investment to speed up growth in the Asia-Pacific region. EDX operates two key platforms: a US-based spot trading venue and a Singapore-based perpetual futures platform. That two-market structure fits neatly into SBI's regional expansion plans, according to Financial IT.
EDX Pushes Deeper Into Regulated Custody and Settlement
EDX is pursuing a trust charter backed by the OCC — the US Office of the Comptroller of the Currency. If approved, this would let EDX offer regulated custody and settlement services. That is a significant step. Most crypto platforms still lack this level of regulatory backing. The new funding will help advance that effort, according to Financial IT.
The firm has also recently integrated with Ripple Prime. That deal connects institutional trading desks directly to EDX's liquidity pool. It is part of a broader strategy to make EDX the go-to plumbing for large financial firms that want crypto exposure without using consumer-grade exchanges.
EDX Flowconnect Opens a New Door for Institutional Access
Earlier this year, EDX launched a product called EDX Flowconnect. It is a crypto-as-a-service tool. In plain terms, it lets outside firms plug into EDX's liquidity and offer crypto trading to their own institutional clients. Think of it as a white-label pipeline to the exchange, according to MEXC.
The new $76 million gives EDX the resources to build out Flowconnect further and expand its product suite. Finance Feeds noted the funds will also accelerate general product development. For large banks and asset managers still on the sidelines of crypto, tools like Flowconnect lower the barrier to entry significantly.
Wall Street's Quiet Shift Toward Regulated Crypto Platforms
EDX's funding round reflects a clear pattern. Major financial institutions are not backing consumer crypto apps. They are backing regulated market infrastructure. Citadel Securities, Fidelity, Virtu, and Charles Schwab are not retail names — they are market-structure players. Their presence on EDX's cap table signals where serious institutional money is going.
Crypto.news noted that this round reinforces ongoing institutional interest in regulated, infrastructure-focused crypto markets. As governments worldwide tighten crypto rules, platforms built around compliance and institutional-grade settlement are gaining an edge. EDX is positioning itself as that kind of platform — less like an exchange, more like financial market infrastructure.
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