EDX Markets raises $76M led by SBI Holdings to expand institutional crypto trading platform

Institutional crypto trading continues to attract fresh capital, even as many consumer-focused digital asset companies face a tougher funding environment. EDX Markets, a crypto trading platform built exclusively for financial institutions, has raised $76 million in a Series C round led by Japan’s SBI Holdings. The funding comes as banks, asset managers, and trading firms push for regulated infrastructure that looks and operates more like traditional financial markets.

The new capital will help EDX expand its trading, clearing, and settlement services, build new products, and grow its international presence. The company is betting that institutional demand for digital assets will continue to rise as more financial firms seek regulated ways to trade and manage crypto assets.

Founded to serve institutions rather than retail traders, EDX combines a digital asset marketplace with a central clearinghouse. That structure is intended to reduce counterparty risk, improve operational efficiency, and offer a trading experience that mirrors established securities and commodities exchanges.

“We’re pleased to welcome SBI as a strategic partner as we continue to expand our suite of digital asset products and services,” said Tony Acuña-Rohter, CEO of EDX Markets. “SBI brings deep expertise serving global financial institutions and has built one of the world’s leading digital asset and financial services ecosystems. Their extensive global network and proven track record of driving growth for innovative businesses make them an ideal partner who shares our vision for advancing institutional participation in digital assets. Their investment strengthens our ability to deliver the capabilities and market access that financial institutions need to engage with digital assets confidently and at scale.”

Why institutional investors are betting on crypto infrastructure

For SBI Holdings, the investment fits into a broader strategy centered on regulated digital asset services. The Japanese financial giant has steadily increased its presence across crypto infrastructure, digital payments, and tokenized financial products.

The company recently introduced JPYSC, Japan’s first trust bank-backed yen stablecoin, adding another piece to its growing digital asset portfolio. SBI has begun supporting U.S. dollar stablecoins, including RLUSD and USDC, in Japan, reflecting its long-term view that regulated digital assets will become a larger part of global finance.

“EDX has built and provides a robust, regulatory-compliant platform that addresses the growing demand for institutional digital asset infrastructure,” said Yoshitaka Kitao, Representative Director, Chairman, President of SBI Holdings. “As SBI Group continues to expand its digital asset ecosystem through initiatives such as the issuance of JPYSC, a yen-denominated stablecoin, and the domestic handling of U.S. dollar-denominated stablecoins, including RLUSD and USDC, we believe trusted market infrastructure will serve as a critical foundation for institutional adoption. We look forward to working closely with EDX to accelerate innovation, expand market access, and help drive the broader use of digital assets globally.”

The investment follows several EDX product launches aimed at financial institutions. Earlier this year, the company introduced EDX FlowConnect, a crypto-as-a-service platform that allows banks, brokerages, and other financial firms to offer digital asset trading to their own customers without building the infrastructure themselves.

Inside EDX’s plan to build Wall Street-style crypto infrastructure

EDX has taken steps to strengthen its regulatory position in the United States. The company recently filed an application with the Office of the Comptroller of the Currency to establish EDX Trust, a proposed national trust bank that would provide regulated custody, clearing, settlement, and risk management services for digital assets.

Those moves reflect a broader shift across the crypto industry. After years dominated by retail trading, the market is seeing growing interest from institutions seeking infrastructure that meets the operational, compliance, and risk standards expected in traditional finance. Companies building those foundational services have continued to attract investor interest, even as funding across other parts of the crypto sector has remained uneven.

The latest funding gives EDX more resources to compete in that market. With backing from SBI Holdings and a strategy focused on regulated institutional infrastructure, the company is positioning itself to capture a larger share of the next phase of digital asset adoption.