Key Takeaways
- • SBI Holdings invested $76 million as the sole investor in EDX Markets' Series C funding round, marking the institutional crypto exchange's first publicly disclosed capital raise since its 2022 founding.
- • EDX Markets will deploy capital to upgrade trading and settlement infrastructure, develop new services, and fund global expansion, with particular focus on the Asia-Pacific region through SBI's digital-asset ecosystem.
- • SBI Holdings is leveraging the investment to connect EDX Markets with its broader institutional digital-asset infrastructure, including JPYSC (Japan's first yen-denominated stablecoin) and dollar-based stablecoin operations (RLUSD, USDC).
- • EDX Markets operates as an institutional-only digital-asset trading platform built on a central counterparty clearinghouse model, positioning it to serve large banks and institutional investors entering the digital-asset market.
- • The investment reflects SBI's strategic expansion in institutional crypto infrastructure, complementing its $289 million acquisition of Japanese crypto exchange Bitbank and broader digital-asset ecosystem development.
Summary
SBI Holdings, Japan's leading financial conglomerate, has committed $76 million to EDX Markets in a Series C funding round where it served as the sole investor. The Block reported the investment on July 7, 2026, marking the first time EDX Markets publicly disclosed its fundraising amount since the platform's establishment in 2022. EDX did not release valuation or detailed terms of the transaction.
EDX Markets operates as a regulated institutional-only digital-asset trading platform offering trading, clearing, and settlement services through a central counterparty clearinghouse model. The platform is backed by prominent financial institutions including Citadel Securities, Virtu Financial, Fidelity Digital Assets, Charles Schwab Corporation, Sequoia Capital, HRT Technology, and Miami International Holdings. The fresh capital will be deployed to upgrade trading and settlement infrastructure, develop new services, and accelerate global expansion, with particular emphasis on institutional adoption across the Asia-Pacific region.
Yoshitaka Kitao, SBI Holdings' chairman and president, emphasized that EDX Markets has built a robust, regulation-friendly platform meeting institutional demand for digital assets. SBI intends to integrate the investment with its existing digital-asset ecosystem, which includes JPYSC (Japan's first yen-denominated stablecoin issued through a trust bank) and distribution of dollar-based stablecoins including RLUSD and USDC. This strategic layering positions SBI to accelerate innovation and support global institutional expansion across both onshore and offshore digital-asset markets.
The investment exemplifies SBI's broader institutional digital-asset strategy. The financial group has been rapidly consolidating domestic and international crypto infrastructure, including its recently announced $289 million acquisition of Japanese crypto exchange Bitbank, pending regulatory approval. By combining EDX Markets' institutional trading and clearing capabilities with its stablecoin issuance operations, SBI is constructing a vertically integrated digital-asset platform designed to onboard large banks and institutional investors into cryptocurrency markets at scale.
EDX Markets operates as a regulated institutional-only digital-asset trading platform offering trading, clearing, and settlement services through a central counterparty clearinghouse model. The platform is backed by prominent financial institutions including Citadel Securities, Virtu Financial, Fidelity Digital Assets, Charles Schwab Corporation, Sequoia Capital, HRT Technology, and Miami International Holdings. The fresh capital will be deployed to upgrade trading and settlement infrastructure, develop new services, and accelerate global expansion, with particular emphasis on institutional adoption across the Asia-Pacific region.
Yoshitaka Kitao, SBI Holdings' chairman and president, emphasized that EDX Markets has built a robust, regulation-friendly platform meeting institutional demand for digital assets. SBI intends to integrate the investment with its existing digital-asset ecosystem, which includes JPYSC (Japan's first yen-denominated stablecoin issued through a trust bank) and distribution of dollar-based stablecoins including RLUSD and USDC. This strategic layering positions SBI to accelerate innovation and support global institutional expansion across both onshore and offshore digital-asset markets.
The investment exemplifies SBI's broader institutional digital-asset strategy. The financial group has been rapidly consolidating domestic and international crypto infrastructure, including its recently announced $289 million acquisition of Japanese crypto exchange Bitbank, pending regulatory approval. By combining EDX Markets' institutional trading and clearing capabilities with its stablecoin issuance operations, SBI is constructing a vertically integrated digital-asset platform designed to onboard large banks and institutional investors into cryptocurrency markets at scale.
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