EDX Markets Raises $76M in Series C Led by SBI Holdings

EDX Markets has closed a $76 million Series C funding round led by SBI Holdings, with the capital earmarked for expanding institutional digital asset infrastructure including trading, custody, and settlement capabilities. The funding round, announced via PR Newswire, positions EDX Markets to deepen its focus on regulated infrastructure for institutional participants in the digital asset space. SBI Holdings, the Japan-based financial services conglomerate, served as lead investor. For related coverage, see OKX Quick Earn Lite Adds Gensyn (AI) With 8,000,000 AI Rewards. The raise comes as institutional demand for regulated crypto trading venues continues to grow, with firms like M1X recently raising a $5.5 million seed round led by Paradigm to build similar institutional-grade products. EDX Markets operates as a non-custodial exchange designed specifically for broker-dealers and institutional market makers. For related coverage, see Base to Activate B20 Token Standard on Mainnet July 9. What EDX Markets says the new capital will support According to the company's announcement, the $76 million will be directed toward enhancing institutional digital asset infrastructure. This covers the core areas where traditional finance participants require regulated solutions: trade execution, post-trade settlement, and asset custody. EDX Markets has positioned itself as a venue that mirrors traditional equity market structure, separating exchange operations from custody and settlement. The Series C capital is intended to accelerate development across each of these layers. The choice of SBI Holdings as lead investor signals strategic interest from Asian financial institutions. SBI has invested broadly across blockchain and digital asset companies, and its involvement may support EDX Markets' expansion beyond U.S. institutional clients. How the raise connects to EDX Markets' custody and settlement plans Separately from the funding round, EDX Markets has filed an application with the Office of the Comptroller of the Currency to establish a trust bank. The application would allow the company to offer regulated custody and settlement services directly. A federally chartered trust bank would give EDX Markets a regulatory framework recognized across U.S. states, potentially simplifying compliance for institutional clients. This mirrors a broader trend where crypto infrastructure firms are pursuing banking charters rather than operating under a patchwork of state licenses, similar to how Bitcoin Suisse recently obtained a financial services license from Abu Dhabi's ADGM to serve institutional clients in the Middle East. The OCC application and the Series C round are distinct events, but together they outline a strategy: build the exchange layer, then vertically integrate custody and settlement under a single regulated entity. For institutional allocators, consolidated infrastructure reduces counterparty risk and operational complexity. Why infrastructure raises differ from token-focused funding EDX Markets' raise is an infrastructure play, not a token or retail-focused fundraise.