Key Takeaways
- • EDX Markets closed a $76 million Series C funding round led by SBI Holdings, marking a significant capital injection for the institutional crypto trading infrastructure platform.
- • SBI Holdings joins Pantera Capital and Sequoia Capital as lead investors, signaling strong institutional backing for EDX's mission to rebuild crypto market infrastructure with enhanced risk controls post-FTX.
- • The funding will be deployed to enhance institutional digital asset infrastructure, supporting EDX's expansion of its clearinghouse operations and institutional trading capabilities.
- • EDX Clearing (EDXC), the company's central counterparty clearinghouse launched in October 2023, has processed over $3.1 billion in transaction settlements, demonstrating operational traction in addressing structural weaknesses exposed by FTX's collapse.
- • The Series C investment reflects institutional confidence in EDX's non-custodial settlement model, which reduces credit risk and capital requirements for institutional traders participating in digital asset markets.
Summary
EDX Markets, a digital asset marketplace targeting institutional investors and crypto-native firms, secured $76 million in Series C funding led by SBI Holdings, according to press releases dated July 8, 2026. The funding round underscores institutional appetite for regulated, transparent infrastructure in cryptocurrency markets following years of scrutiny in the sector.
SBI Holdings' leadership of the Series C round represents a strategic endorsement from a major financial services conglomerate. The investment builds on earlier support from co-founding investors Sequoia Capital and Pantera Capital, which co-led the company's Series B funding round focused on international expansion. This progression of institutional backing demonstrates sustained confidence in EDX's business model and execution capabilities.
EDX's core offering centers on institutional-grade infrastructure designed to address structural vulnerabilities in crypto trading exposed by the 2022 collapse of FTX. The company operates a digital asset clearinghouse—EDX Clearing (EDXC)—launched in October 2023, which functions as a central counterparty for trades. The clearinghouse has processed more than $3.1 billion in transaction settlements since inception, with members trading over $1.4 billion in notional volume in December 2023 alone. The non-custodial settlement architecture reduces credit risk and capital requirements for institutional participants by eliminating bilateral trading agreements and consolidating settlement into a single net process.
The Series C capital injection will be directed toward enhancing institutional digital asset infrastructure and expanding operational reach. EDX's positioning as a transparent, capital-efficient alternative for institutional traders reflects a broader market shift toward regulated venues and custody-independent trading models in response to regulatory pressure and institutional risk management requirements.
SBI Holdings' leadership of the Series C round represents a strategic endorsement from a major financial services conglomerate. The investment builds on earlier support from co-founding investors Sequoia Capital and Pantera Capital, which co-led the company's Series B funding round focused on international expansion. This progression of institutional backing demonstrates sustained confidence in EDX's business model and execution capabilities.
EDX's core offering centers on institutional-grade infrastructure designed to address structural vulnerabilities in crypto trading exposed by the 2022 collapse of FTX. The company operates a digital asset clearinghouse—EDX Clearing (EDXC)—launched in October 2023, which functions as a central counterparty for trades. The clearinghouse has processed more than $3.1 billion in transaction settlements since inception, with members trading over $1.4 billion in notional volume in December 2023 alone. The non-custodial settlement architecture reduces credit risk and capital requirements for institutional participants by eliminating bilateral trading agreements and consolidating settlement into a single net process.
The Series C capital injection will be directed toward enhancing institutional digital asset infrastructure and expanding operational reach. EDX's positioning as a transparent, capital-efficient alternative for institutional traders reflects a broader market shift toward regulated venues and custody-independent trading models in response to regulatory pressure and institutional risk management requirements.
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