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SBI bets $76M on EDX as institutional crypto race heats up

SBI bets $76M on EDX as institutional crypto race heats up

EDX Markets closed a $76 million Series C funding round led by Japan’s SBI Holdings. The Chicago-based company announced the deal on July 7, 2026. EDX said it will use the capital to expand trading, clearing, and settlement services. It also plans to speed up product development and grow its operations outside the United States.

Summary

  • SBI led EDX Markets’ $76 million round to expand institutional crypto trading and clearing worldwide.
  • EDX will fund product growth, global expansion, settlement services, and its planned national trust bank.
  • Ripple Prime integration gives institutions unified access to EDX spot markets and perpetual futures liquidity.

SBI acted…

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