EDX Markets raises $76M Series C led by SBI Holdings
What's the deal? EDX Markets, a digital asset technology firm that pairs an institution-only trading venue with a central clearinghouse, has closed a $76 million Series C round led by SBI HoldingsDealroom has a profile for this one. Try Dealroom →. The company will use the funds to expand its trading, clearing, and settlement capabilities, accelerate product development, and scale global operations.
Why now? Institutional participation in digital assets is rising, and EDX says it is building infrastructure to meet that demand with the risk management standards expected in traditional finance.
What's the endgame? EDX wants to serve institutional clients worldwide with trusted, liquid market infrastructure. In 2026 it launched EDX FlowConnect, a crypto-as-a-service offering, and filed with the Office of the Comptroller of the Currency to establish EDX Trust, a proposed national trust bank for regulated custody, clearing, and settlement.
Who's backing it? SBI HoldingsDealroom has a profile for this one. Try Dealroom → brings a global financial services network to the round. "SBI brings deep expertise serving global financial institutions and has built one of the world's leading digital asset and financial services ecosystems," said Tony Acuña-RohterDealroom has a profile for this one. Try Dealroom →, chief executive officer of EDX Markets.
The investment fits SBI's broader push into regulated digital assets. The group recently launched JPYSC, Japan's first trust bank-backed yen stablecoin, and handles US dollar-denominated stablecoins including RLUSD and USDC domestically.
What SBI says: "We believe trusted market infrastructure will serve as a critical foundation for institutional adoption," said Yoshitaka KitaoDealroom has a profile for this one. Try Dealroom →, representative director, chairman, and president of SBI Holdings.
The signal: At $76 million, the round sits in the upper tier of venture deals by size, underscoring investor appetite for the plumbing behind institutional crypto trading rather than the tokens themselves. As stablecoins and regulated custody gain traction, market infrastructure is emerging as a bet in its own right.
Read more: PR Newswire
