EDX Markets Raises $76 Million in Funding Led by SBI Holdings
EDX Markets, an institutional cryptocurrency trading platform, secured $76 million in a Series C funding round led by SBI Holdings to expand product offerings and global presence, according to CoinDesk. The platform’s unique model separates trading from custody to mitigate counterparty risk, aiming to attract institutional clients.
EDX Markets has successfully raised $76 million in a Series C funding round, with SBI Holdings leading the investment. The funds will be utilized to develop new products and facilitate international growth.
Operating an institution-only cryptocurrency marketplace, EDX separates trading from custody and settlement via a central clearinghouse, a strategy intended to minimize counterparty risk. This approach is similar to traditional financial market structures, offering added security for institutional clients.
In addition to securing this funding, EDX Markets is diversifying its services. Earlier in 2026, the firm launched "FlowConnect," a product enabling financial institutions to offer crypto trading services to their clients. Moreover, EDX has submitted an application for a U.S. national trust bank charter through the Office of the Comptroller of the Currency. If approved, this would allow EDX Trust to provide regulated services including custody, clearing, settlement, and risk management for cryptocurrency clients.
SBI Holdings, prominent in Japan's cryptocurrency ecosystem, has been actively involved in the industry. The financial group owns SBI VC Trade, which enables the trading of Ripple’s RLUSD stablecoin, and has also issued yen-denominated stablecoins through SBI Shinsei Trust Bank. Recently, SBI made headlines by agreeing to acquire the cryptocurrency exchange Bitbank for approximately 46.7 billion yen (about $289 million).
EDX Markets initially launched in 2023 with significant backing from major financial firms like Citadel Securities, Fidelity Digital Assets, Charles Schwab, Paradigm, and Sequoia Capital. The recent funding and product launch signify the platform's commitment to solidifying its position in the rapidly evolving crypto market.
As EDX expands its offerings and seeks regulatory approval, industry participants will be watching for updates on its progress and potential impacts on the broader cryptocurrency trading landscape.
Summary based on original reporting by Francisco Rodrigues at CoinDesk, originally published Jul 7, 2026. SolanaWire does not republish source content.
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