Institutional crypto marketplace EDX Markets has secured $76 million in fresh funding through a Series C round led by SBI Holdings to expand its market infrastructure and accelerate international growth.
AdvertisementAccording to the company, the fresh capital will be used to support investments in trading, clearing and settlement technology while advancing new products for institutional clients. EDX said it is responding to growing demand for regulated digital asset infrastructure by combining an institution-only trading venue with a central clearinghouse modeled on traditional financial markets.
The funding also deepens EDX’s relationship with SBI, which has been expanding its regulated digital asset ecosystem through initiatives including Japan’s first trust bank-backed yen stablecoin, JPYSC.
EDX recently introduced EDX FlowConnect, a crypto-as-a-service solution for financial firms, and filed an application with the Office of the Comptroller of the Currency to establish EDX Trust, a proposed national trust bank focused on digital asset custody and settlement.