EDX Markets has raised $76 million in a Series C round led by Japan’s SBI Holdings, adding a major international financial backer as the Chicago-based operator expands its institutional digital asset infrastructure.
Series C Led by SBI Holdings
The company announced it closed a $76 million Series C financing led by SBI Holdings. The investment brings a prominent Japanese financial institution onto EDX’s cap table and underscores growing cross-border interest in regulated, institution-focused crypto market structure.
Institution-Only Venue With Central Clearing
EDX operates an institution-only digital asset trading venue paired with a central clearinghouse. The model is designed to separate trading and custody, reduce bilateral counterparty risk, and align more closely with frameworks familiar to traditional financial institutions. The exchange targets broker-dealers, market makers, and other professional participants rather than retail users.
SBI’s Strategic Expansion in Digital Assets
SBI Holdings, a diversified financial services group headquartered in Japan, has been active in digital assets through trading, custody, and venture investments. Leading the round signals continued strategic expansion by SBI into institutional crypto infrastructure and the broader market plumbing that supports professional trading.
Why It Matters
The funding strengthens EDX’s position as it builds out services tailored to institutions seeking greater regulatory alignment and operational safeguards in crypto markets. Centralized clearing and an institution-first approach have become focal points for traditional finance firms evaluating digital asset exposure.