EDX Markets’ bid for a federal trust bank charter is not just another crypto expansion story. It is a live test of whether Wall Street-backed firms can move more of crypto’s custody and settlement stack inside the U.S. banking perimeter.
Citadel, Fidelity, and Schwab-backed EDX wants to bring equity market structure to crypto through a federal trust bank
EDX Markets’ application for a federal trust bank charter opens a more consequential question than whether another large financial consortium wants deeper exposure to digital assets.
The sharper question is whether some of the firms that helped shape modern U.S. equity market structure are now trying to impose a similar functional separation on…
