Crypto exchange EDX Markets completes $76 million Series C funding round, led by SBI Holdings

CoinFeed reported on July 7 that the Wall Street giant-backed crypto exchange EDX Markets announced the completion of a $76 million Series C funding round, led by Japanese financial group SBI Holdings. The funds will be used to expand its institutional digital asset trading, clearing, and settlement capabilities, accelerate product development, and promote global business expansion. SBI previously launched the yen stablecoin JPYSC backed by a trust bank and plans to handle dollar stablecoins such as RLUSD and USDC in Japan, and this investment is seen as part of its efforts to strengthen compliant digital asset infrastructure. Earlier this year, EDX launched the 'EDX FlowConnect' crypto-as-a-service product and submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish a regulated custody and clearing entity, EDX Trust, to provide custody, clearing, settlement, and risk management services for institutions.