SBI Holdings backs institutional crypto platform EDX Markets with $76M
The tl;dr
EDX Markets, an institutional cryptocurrency exchange, raised $76 million in Series C funding with Japan's SBI Holdings as the sole investor. The round reflects continued institutional appetite for crypto infrastructure despite slower venture investment in the broader digital asset space.
Markets in this story
30-day · delayedKey points
- EDX Markets closed a $76 million Series C round, entirely funded by SBI Holdings, a major Japanese financial services and investment firm
- EDX targets institutional investors by separating trading from custody operations through a central clearinghouse model, designed to reduce counterparty risk exposure
- The funding underscores institutional investor confidence in crypto market infrastructure, even as venture capital investment in digital assets has slowed overall
- SBI Holdings' solo investment signals conviction in EDX's institutional-focused business model and Japan's strategic interest in the crypto ecosystem
By the numbers
EDX Markets, a cryptocurrency exchange built for institutional clients, has secured $76 million in fresh funding from Japan’s SBI Holdings, closing a Series C round. SBI went in as the sole investor, signaling strong individual backing rather than a consortial approach common in venture funding.
EDX’s core business model separates the trading and custody functions of crypto dealing. Instead of one entity holding your assets while you trade, EDX uses a central clearinghouse to match buyers and sellers while custody stays isolated elsewhere. This split is designed to cut counterparty risk: if the trading venue fails, your crypto stays safe because it was never in their hands.
The funding reflects a broader trend: while early-stage crypto startups have faced funding headwinds, institutions remain interested in plumbing and infrastructure. SBI’s willingness to back EDX alone suggests confidence in the model’s appeal to the professional traders and funds that want institutional-grade safeguards in their crypto operations.
This shows established financial institutions still see significant opportunity in crypto infrastructure, and it reflects how the market is maturing toward institutional-grade trading systems with risk controls.
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Topics
- edx markets
- sbi holdings
- crypto infrastructure
- institutional investors
- series c funding
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