EDX Markets raises $76 million in funding round led by SBI Holdings

Finance EDX Markets raises $76 million in funding round led by SBI Holdings EDX’s model targets institutional clients by separating trading from custody through a central clearinghouse to minimize counterparty risk. By Francisco Rodrigues | Edited by Sheldon Reback Jul 7, 2026, 2:07 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on SBI Holdings led EDX Market's $76 million fundraising round. (Dmytro Glazunov/Unsplash) Summary Show EDX Markets, a crypto trading platform for institutions, raised $76 million in a fundraising round led by SBI Holdings to support product development and international growth. EDX’s model targets institutional clients by separating trading from custody through a central clearinghouse to minimize counterparty risk. The platform is expanding beyond spot trading with its "FlowConnect" product and has applied for a U.S. national trust bank charter. EDX Markets, an institutional cryptocurrency trading platform, said it raised $76 million in a Series C funding round led by SBI Holdings. The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets. SBI Holdings has been one of Japan’s most active financial groups in crypto. Its SBI VC Trade unit offers access to Ripple’s RLUSD stablecoin in Japan, while SBI Shinsei Trust Bank recently issued JPYSC , a yen-denominated stablecoin developed with Startale Group. Last month, SBI agreed to acquire crypto exchange Bitbank for 46.7 billion yen ($289 million), adding to its existing SBI VC Trade platform. EDX has been moving beyond spot trading. The firm earlier this year introduced FlowConnect , a crypto-as-a-service product that allows financial firms to offer crypto trading to their customers. The company applied in April for a U.S. national trust bank charter through the Office of the Comptroller of the Currency (OCC). If approved, EDX Trust would provide regulated custody, clearing, settlement and risk management services for crypto clients. EDX launched in 2023 with backing from Citadel Securities, Fidelity Digital Assets, Charles Schwab, Paradigm and Sequoia Capital. SBI Holdings Fundraising Latest Crypto News 1 Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg 21 minutes ago 2 Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification 40 minutes ago 3 Coinbase secures UK authorization to offer traditional investments alongside crypto 2 hours ago 4 Bitcoin's July gains may be fleeting as U.S. demand stays weak 2 hours ago 5 Bitcoin stalls as open interest decline raises questions about rally's staying power 3 hours ago 6 Binance taps into Bitcoin holders’ hunger for yield with new covered call yield play 5 hours ago 7 Bitcoin's recent macro relief faces a challenge from Japanese interest rates 6 hours ago 8 Live markets: Samsung earnings miss sparks uncertainty as bitcoin dips below $64,000 7 hours ago 9 BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal 8 hours ago 10 XRP stalls near $1.14 as breakout attempt struggles for volume 9 hours ago Latest Research SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. By CoinDesk Research 1 hour ago Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. Why it matters : Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. View Full Report More From Finance Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg Coinbase secures UK authorization to offer traditional investments alongside crypto Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows