EDX Markets raises $76 million funding led by SBI Holdings

EDX Markets, a cryptocurrency exchange designed for institutional investors, has raised $76 million in a Series C funding round led by Japan's SBI Holdings. The financing, announced on July 7, 2026, will be used to expand the company's trading, clearing, and settlement services, develop new products, and grow its international operations.

The funding round highlights sustained investor interest in regulated crypto market infrastructure, even as broader venture capital investment in the digital asset sector has slowed. EDX Markets, which launched in 2023 with backing from a consortium of major financial firms including Citadel Securities, Fidelity Digital Assets, and Charles Schwab, operates on a separate-custody model. This structure, which keeps client assets off the exchange's balance sheet and uses a central clearinghouse, is designed to reduce counterparty risk and align with operational standards common in traditional securities markets.

A key part of EDX's strategy involves deepening its regulatory footprint. Earlier this year, the company applied to the U.S. Office of the Comptroller of the Currency for a national trust bank charter. If approved, the proposed EDX Trust...