Institutional crypto platform EDX Markets has closed a $76 million Series C funding round, with Japan’s SBI Holdings as the sole investor. The announcement was made on July 7, 2026, confirming EDX’s first publicly disclosed round after two undisclosed fundraises backed by firms like Charles Schwab, Citadel Securities, Fidelity Investments, Sequoia Capital, and Paradigm. CEO Tony Acuña-Rohter described the round as an equity investment but declined to share terms or valuation.
The fresh capital will accelerate EDX’s global expansion, particularly in the Asia-Pacific region, while enhancing its trading, clearing, and settlement capabilities. EDX operates a unique institutional-only venue that separates trading from custody via a central clearinghouse, mirroring traditional finance structures. The firm recently launched FlowConnect, a crypto-as-a-service product, and has filed with the U.S. Office of the Comptroller of the Currency to establish EDX Trust, a national trust bank for regulated custody and clearing.
SBI Holdings Chairman Yoshitaka Kitao emphasized that trusted infrastructure is critical for institutional adoption, aligning with SBI’s own stablecoin initiatives, including the yen-pegged JPYSC and its handling of RLUSD and USDC. EDX aims to serve the next wave of large banks entering digital assets, providing transparency and risk management standards of traditional finance.
