Institutional digital asset marketplace EDX Markets has raised $76 million in a Series C funding round as it accelerates plans to establish a national trust bank in the United States and expand its institutional crypto infrastructure.
The round was led by SBI Holdings, which joins the company as a strategic investor. While financial terms were not officially disclosed, reports indicate the Japanese financial group acquired approximately a 20% stake in EDX through the transaction.
Funding to support expansion and regulatory growth
EDX said the new capital will be used to strengthen its institutional trading platform, enhance clearing and settlement capabilities, accelerate product development, and support international expansion.
The company is also investing in its regulatory strategy as it works toward establishing EDX Trust, a federally regulated national trust bank in the United States.
Earlier this year, EDX submitted an application to the Office of the Comptroller of the Currency (OCC) seeking approval to operate the new entity.
If approved, EDX Trust would provide institutional custody, asset management, and riskless principal trading services, while trading activity would continue to be handled through EDX Markets.
Building infrastructure for institutional digital assets
Founded in 2022, EDX Markets focuses exclusively on institutional participants, offering trading infrastructure designed to meet the operational and regulatory requirements of banks, broker-dealers, and professional investors.
Its ecosystem includes a spot digital asset exchange, a central clearing platform that reduces bilateral counterparty exposure, and a Singapore-based perpetual futures marketplace.
Earlier this year, the company expanded its offering with EDX FlowConnect, a crypto-as-a-service platform that enables financial institutions and fintech companies to launch digital asset trading services using EDX’s underlying infrastructure.
Strategic partnership with SBI
The investment also deepens EDX’s relationship with SBI Holdings, one of Asia’s largest financial groups and an active participant in digital assets.
According to reports, SBI plans to leverage EDX’s infrastructure to support liquidity and trading for its digital asset initiatives, including JPYSC, Japan’s first trust bank-backed yen stablecoin.
The partnership reflects a broader trend of traditional financial institutions investing in regulated digital asset infrastructure as demand for institutional crypto services continues to grow.
About EDX Markets
EDX Markets is a U.S.-based digital asset technology company developing institutional trading infrastructure for cryptocurrencies. Founded in 2022, the company provides spot trading, clearing, settlement, custody infrastructure, and crypto-as-a-service solutions designed for banks, broker-dealers, and institutional investors. Through its planned national trust bank, EDX aims to expand regulated custody and asset servicing capabilities within the U.S. digital asset ecosystem.
