SBI Holdings Backs EDX Markets With $76 Million, Fuels OCC Trust Charter Bid

EDX Markets closed a $76 million Series C funding round led by SBI Holdings, the Chicago-based crypto exchange operator announced Tuesday. 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, […]

The post Tether Invests $20 Million in Mercado Bitcoin to Fuel Expansion Across Latin America appeared on BitcoinEthereumNews.com. In brief Tether will invest $20 million in a strategic financing round for Mercado Bitcoin, a Brazilian crypto platform, to expand blockchain-based financial services in Latin America. Mercado Brazil said it now serves 4.5 million users, has issued more than R$2 billion in tokenized assets, and holds over 10 licenses across Brazil and Europe. Funds will go toward expanding payments infrastructure, scaling tokenized investment products, growing lending capabilities, advancing on-chain capital markets, and pursuing international expansion. Prominent stablecoin issuer Tether said Tuesday it will invest $20 million in a strategic financing round for Mercado Bitcoin, a Brazilian cryptocurrency exchange, as the two companies push to expand blockchain-based financial services across Latin America. Mercado Bitcoin, founded in 2013, has grown from a digital asset ex

Brazilian crypto exchange Mercado Bitcoin has raised $20 million in fresh investment from USDT stablecoin issuer Tether.

The post Kraken Seeks Delaware Judgment After $22M Arbitration Win appeared on BitcoinEthereumNews.com. Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against former auditor Mazars USA and asked the Delaware Court of Chancery to enter judgment on the award, according to a letter published Tuesday by co-CEO Arjun Sethi. Payward said Mazars withdrew from the exchange’s nearly completed 2022 audit despite finding no fraud, raising no concerns about management’s integrity and reporting no disagreements with the company. “An audit is not a favor. It is oxygen,” Sethi wrote, arguing that independent audits are essential for obtaining banking services, licenses and other business relationships. Sethi said Mazars’ resignation was part of what he described as Operation Chokepoint 2.0, a broader campaign that pressured banks, auditors and other institutions to cut ties with lawful crypto companies. The letter cited a series of regulatory developmen

The crypto exchange's parent company says Mazars' withdrawal from its 2022 audit caused millions in damages and tied the dispute to Operation Chokepoint 2.0.

The post EDX Markets Lands $76M From SBI Holdings To Build A Regulated Crypto Custody And Settlement Engine appeared on BitcoinEthereumNews.com. When EDX Markets filed to create a national trust bank, it wasn’t just asking for a new charter. It was laying the groundwork to become the dominant regulated settlement venue for institutional digital asset trading. On Tuesday, it secured $76 million more to accelerate that vision, closing a Series C round led by SBI Holdings, according to the funding update. The fresh capital will expand EDX’s trading, clearing, and settlement infrastructure and scale global operations. It also comes just months after the exchange launched EDX FlowConnect, its crypto-as-a-service platform, and applied to the U.S. Office of the Comptroller of the Currency to establish EDX Trust, a national trust bank for regulated digital asset custody, clearing, and settlement. SBI’s leadership of the round signals that serious institutional money is betting the platform can

EDX's funding and strategic partnerships could enhance institutional crypto trading infrastructure, fostering cross-border market integration. The post EDX Markets secures $76M in Series C funding from SBI Holdings appeared first on Crypto Briefing.

The post Institutional Crypto Exchange EDX Lands $76M From SBI Holdings appeared on BitcoinEthereumNews.com. EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand. The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients. The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, highlighting continued investor appetite for institutional crypto infrastructure despite a slower venture funding market. Source: E