SBI leads EDX's $76 million round, indicating that traditional financial giants genuinely want to build their own compliant crypto infrastructure, rather than just being bystanders.

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.