EDX Markets Raises $76 Million in SBI Holdings-Led Series C Funding to Expand Institutional Crypto Services

EDX Markets has secured $76 million in a Series C funding round led by SBI Holdings, as the institutional cryptocurrency exchange ramps up efforts to expand its global footprint and strengthen its market infrastructure.

The company said the fresh capital will be used to enhance its trading, clearing, and settlement systems, accelerate product development, and support the scaling of its international operations.

The fundraising builds on a series of expansion initiatives launched earlier this year. EDX introduced EDX FlowConnect, its crypto-as-a-service platform aimed at institutional clients, and separately applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, which would operate as a national trust bank offering regulated digital asset custody, settlement, and clearing services.

Source: EDX Markets