SBI Holdings Leads USD 76m Series C Funding Round for Institutional Crypto Exchange EDX Markets
SBI Holdings has been the lead investor in a $76 million Series C funding round for EDX Markets, a Chicago-based digital asset technology firm catering exclusively to institutional clients.
EDX Markets operates a dedicated trading platform and central clearinghouse designed to provide institutional investors with a highly liquid, low-cost trading environment. The capital injection is slated to accelerate EDX's product development, expand its global operations, and enhance its trading, clearing, and settlement capabilities.
As institutional participation in digital assets expands, EDX has been actively scaling its infrastructure to meet regulatory and operational demands. The company recently launched "EDX Flow Connect™," a Crypto-as-a-Service solution that enables corporate clients to securely offer digital asset trading to their customers. Additionally, EDX has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish "EDX Trust," a trust bank intended to provide compliant digital asset custody, clearing, settlement, and risk management services.
For SBI Holdings, the investment aligns with its broader digital asset strategy. The Tokyo-based financial services conglomerate aims to leverage the partnership to create synergies with its own digital asset ecosystem. This includes its yen-based stablecoin (JPYSC) alongside its initiatives to handle dollar-based stablecoins such as RLUSD and USDC within Japan.
"SBI Group possesses deep expertise in serving global financial institutions and has built one of the world's leading digital asset and financial services ecosystems," said Tony Acuña-Rohter, CEO of EDX Markets. He noted that the investment strengthens EDX’s capacity to deliver the market access and infrastructure necessary for institutions to engage with digital assets at scale.
Yoshitaka Kitao, Representative Director, Chairman, and CEO of SBI Holdings, emphasized the strategic importance of robust market infrastructure. "As our Group expands its digital asset ecosystem, we believe that reliable market infrastructure serves as a critical foundation for institutional adoption," Kitao stated, adding that SBI intends to work closely with EDX to accelerate innovation and expand market access globally.
Backed by prominent trading firms and venture capital investors, EDX models its flagship marketplace after traditional global exchanges to minimize participant risk while maximizing capital efficiency.
Norbert Gehrke
