EDX Markets recently secured $76 million in a Series C funding round, spearheaded by Japan's SBI Holdings. The announcement, made on July 7, 2026, highlights EDX's ambition to enhance its trading, clearing, and settlement services, while also targeting international expansion beyond the United States.
SBI's investment is pivotal in bolstering EDX's global footprint in the institutional crypto landscape. This round signifies a commitment to enhance product development and expand settlement services. EDX aims to create a seamless trading experience for institutions and is gearing up for an ambitious growth trajectory by integrating Ripple Prime, which will allow institutional clients unified access to EDX's spot markets and liquidity for perpetual futures.
Strengthening Infrastructure for Institutional Clients
As an institution-only crypto marketplace and central clearinghouse, EDX operates with a structure reminiscent of traditional exchanges. This separation of trading from certain clearing and custody processes minimizes conflicts between services. The new capital injection will facilitate infrastructure improvements for banks, traders, and professional clients, with a focus on enhancing clearing processes, risk controls, and settlement systems. SBI's chairman, Yoshitaka Kitao, emphasized the importance of establishing trusted market infrastructure, which he sees as crucial for driving institutional adoption of cryptocurrency assets.
Expanding Product Offerings and Trust Banking Ambitions
Earlier in the year, EDX launched EDX FlowConnect, a crypto-as-a-service platform enabling companies to offer digital asset trading without the need for a full exchange setup. This innovation streamlines execution, liquidity access, and related market operations for businesses. The funding will further assist EDX in scaling this service to accommodate a wider range of institutional clients.
Moreover, EDX has initiated an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust as a national bank. If granted, this trust bank would facilitate custody, clearing, settlement, and risk management operations, acting alongside EDX's trading venues while adhering to regulatory standards.
This article serves as an informational piece and does not constitute financial advice.
