EDX Markets closes $76 million Series C led by SBI Holdings

EDX Markets said it closed a $76 million Series C funding round led by SBI Holdings, adding fresh capital as institutional demand continues to support regulated crypto trading infrastructure. The company said the proceeds will be used to expand its trading, clearing and settlement services, accelerate product development and scale global operations. EDX operates an institutional-only crypto marketplace and central clearinghouse, alongside a U.S.-focused spot exchange and a Singapore-based perpetual futures venue for eligible non-U.S. institutional clients. The funding follows recent product expansion, including Ripple Prime’s May integration with EDX Markets and EDXM International to give institutional clients access to spot and perpetual futures liquidity through a single prime brokerage framework. That arrangement also positioned RLUSD for a planned settlement and collateral role, underscoring broader efforts to link trading venues, margin and stablecoin-based settlement more closely. The company has also launched EDX FlowConnect, a crypto-as-a-service product, and filed with the Office of the Comptroller of the Currency to form EDX Trust, a proposed national trust bank for custody, clearing, settlement and risk management. SBI said the investment fits its broader push into regulated digital asset infrastructure, including work around JPYSC as well as U.S. dollar stablecoins RLUSD and USDC. EDX Chief Executive Officer Tony Acuña-Rohter said the company was “pleased to welcome SBI as a strategic partner,” while SBI Holdings Chairman and CEO Yoshitaka Kitao described EDX as a “regulatory-compliant platform” for institutional digital asset infrastructure.