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EDX Markets completed a $76 million Series C funding round, led by SBI Holdings.
This round of financing will be used to expand its trading, clearing, and settlement capabilities, accelerate product development, and expand global operations.
SBI Holdings has recently been continuously deploying in the digital asset space, including issuing Japan's first trust bank-backed yen stablecoin JPYSC, and promoting the domestic circulation of dollar stablecoins such as RLUSD and USDC.
In addition, EDX earlier this year launched the crypto-as-a-service product EDX FlowConnect™, and has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a regulated national trust bank, EDX Trust, to provide digital asset custody, clearing, and settlement services.