EDX Markets raises $76M from SBI for institutional crypto push

EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund…

The post EDX Markets Closes $76M Series C Led by SBI Holdings appeared on BitcoinEthereumNews.com. EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund… EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund expansion of EDX’s trading, clearing and settlement capabilities, along with product development and global operations, according to the release. “Their investment strengthens our ability to deliver the capabilities and market access that financial institutions need to engage with digital assets confident

The post Ripple Prime cleared $3 trillion. How much of it actually touches XRP? appeared on BitcoinEthereumNews.com. Ripple’s prime brokerage sits inside the DTCC’s clearing directory, holds a seat in the 50-firm tokenization working group, and clears more than three trillion dollars a year. The XRP community reads that as quadrillions coming to the ledger. The mechanics say something much narrower. Here is the honest accounting of how much of Ripple Prime’s business reaches the token, and what would have to change for that number to grow. Summary Ripple Prime clears more than $3 trillion in annual trades, but only a small portion of that activity currently creates direct demand for XRP. Most institutional settlement within Ripple’s ecosystem now relies on the RLUSD stablecoin, while XRP’s role remains largely limited to fees and internal collateral. Ripple’s position in the DTCC tokenization working group could expand XRP’s future use, but broader adoption depends on third party colla

Ripple’s prime brokerage sits inside the DTCC’s clearing directory, holds a seat in the 50-firm tokenization working group, and clears more than three trillion dollars a year. The XRP community reads that as quadrillions coming to the ledger. The mechanics…

The post EDX Markets Funding: $76M Series C Led by SBI Holdings appeared on BitcoinEthereumNews.com. EDX Markets has closed a $76 million Series C funding round led solely by Japan’s SBI Holdings, a move that signals how seriously major traditional finance institutions are now betting on regulated institutional crypto trading infrastructure. It is the first time EDX has publicly disclosed the size of one of its funding rounds — a notable shift for a firm whose earlier backers included Citadel Securities, Fidelity Investments, Charles Schwab, Sequoia Capital, and Paradigm, all of whom participated in rounds whose terms were never revealed. Key takeaways EDX Markets raised $76 million in a Series C round with SBI Holdings as the sole investor — the company’s first publicly disclosed funding amount. The capital will go toward expanding trading, clearing, and settlement services, accelerating product development, and scaling global operations. EDX integrated with Ripple Prime in May to giv

Norm Ai raised $120M in a Series C led by Khosla Ventures at a $1.2B valuation. The legal AI startup has now raised more than $260M total.

The post EDX Markets raises $76M from SBI for institutional crypto push appeared on BitcoinEthereumNews.com. EDX Markets has raised $76 million in Series C funding to expand its institutional crypto trading business. Summary EDX secured $76 million as institutional demand for regulated crypto trading infrastructure keeps drawing capital. SBI led the round while EDX expands spot trading, perpetual futures, clearing, and settlement services. Recent Ripple Prime integration shows EDX pushing deeper into institutional access and stablecoin-based collateral plans. The digital asset technology firm said the round was led by Japan’s SBI Holdings. EDX plans to use the funding to grow its trading, clearing, and settlement services, build new products, and expand its global operations. EDX operates an institutional-only crypto marketplace and a central clearinghouse. The company also runs a U.S.-focused spot exchange and a Singapore-based perpetual futures venue for eligible non-U.S. institution

The post SBI Holdings Backs EDX Markets With $76 Million, Fuels OCC Trust Charter Bid appeared on BitcoinEthereumNews.com. Key Takeaways EDX Markets closed a $76 million Series C led by SBI Holdings on July 7, 2026. SBI Holdings, fresh off its JPYSC stablecoin launch, backs EDX Markets’ 2026 funding round. EDX Markets’ OCC bid for a trust charter, EDX Trust, remains pending as of July 2026. The latest round adds a major Japanese financial backer to EDX’s cap table as the firm pushes deeper into institutional digital asset infrastructure. EDX operates an institution-only trading venue paired with a central clearinghouse, a model built to mirror the risk controls and settlement standards found in traditional markets. Money from the raise will go toward expanding EDX’s trading, clearing, and settlement operations. The firm also plans to speed up product development and grow its footprint outside the United States. CEO Tony Acuna-Rohter said SBI brings experience serving global financial i