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SBI invests US$76M in EDX Markets
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SBI invests US$76M in EDX Markets

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  • SBI Holdings invested US$76 million in EDX Markets to expand institutional crypto trading services.
  • The funding will support new products, global growth, clearing services and a planned US trust bank.
  • EDX is expanding its institutional platform as demand for regulated crypto infrastructure grows.

SBI Holdings invested US$76 million in EDX Markets to expand its institutional crypto trading and clearing business.

EDX said the funding will support new products, international expansion, settlement services and its planned EDX Trust national bank.

“We are pleased to welcome SBI as a strategic partner,” said EDX CEO Tony Acuña-Rohter.

EDX operates an institutional-only crypto marketplace with spot trading in the United States and perpetual futures for eligible international clients.

The company also plans to expand FlowConnect, a service that lets financial firms offer crypto trading without building their own exchange platform.

EDX has applied to the US Office of the Comptroller of the Currency for a national trust bank licence to provide custody, clearing, settlement and risk management services.

EDX also recently integrated with Ripple Prime, giving institutional clients access to spot trading and perpetual futures through one platform, while RLUSD is planned for settlement and collateral.

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