Wu learned that U.S. institutional crypto trading platform EDX Markets has announced the completion of a $76 million Series C funding round, led by Japanese financial group SBI Holdings. The funds will be used to expand trading, clearing, and settlement capabilities, accelerate product development, and expand global business operations. EDX stated that as institutional participation in the digital asset market continues to grow, the company will further enhance its institutional-grade digital asset infrastructure. Earlier this year, EDX launched its Crypto-as-a-Service product, EDX FlowConnect, and has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, EDX Trust, to provide compliant custody, clearing, settlement, and risk management services.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 1
  • Share
Comment
Add a comment
Add a comment
MoonlightLiquidationLine
· 9h ago
SBI leads $76 million investment, traditional financial giants begin to take it seriously
View OriginalReply0
YieldKaraoke
· 9h ago
For the institutional infrastructure pie, EDX wants a big slice.
View OriginalReply0
SeaSaltMintCandy
· 9h ago
Japan's SBI bets on US crypto infrastructure, interesting.
View OriginalReply0
RetroKeysAndPositions
· 9h ago
From trading to clearing and custody, the entire chain—ambitions are no small matter.
View OriginalReply0
  • Pinned