EDX Markets closed a $76 million Series C funding round led by SBI Holdings, the Chicago-based crypto exchange operator announced Tuesday.
Key Takeaways
EDX Markets closed a $76 million Series C led by SBI Holdings on July 7, 2026.SBI Holdings, fresh off its JPYSC stablecoin launch, backs EDX Markets’ 2026 funding round.EDX Markets’ OCC bid for a trust charter, EDX Trust, remains pending as of July 2026.Money from the raise will go toward expanding EDX’s trading, clearing, and settlement operations. The firm also plans to speed up product development and grow its footprint outside the United States.
CEO Tony Acuna-Rohter said SBI brings experience serving global financial institutions and a track record of scaling businesses in the sector. He called the partnership a fit for EDX’s push to give institutions confident, large-scale access to digital assets.
What SBI Brings to the TableKitao added that SBI expects the partnership to accelerate innovation and expand market access for digital assets on a global scale. “We believe trusted market infrastructure will serve as a critical foundation for institutional adoption,” Kitao remarked.
A Bank Charter in the WorksThe funding lands as EDX pursues a national trust bank charter. The firm filed an application with the Office of the Comptroller of the Currency (OCC) to establish EDX Trust, which would offer regulated custody, clearing, settlement, and risk management services if approved.
EDX also rolled out EDX Flowconnect earlier this year, a crypto-as-a-service product that lets firms launch their own digital asset trading offerings for customers.
Why it MattersEDX has not disclosed its post-money valuation following the round.
Backing Beyond SBIEDX already counted some of the largest trading and venture capital firms among its backers before SBI joined the round. Its founding backers include industry giants such as Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial, Sequoia Capital, and Paradigm.
The company has built its business around minimizing counterparty risk for members while offering the kind of capital efficiencies large trading firms look for when choosing where to route order flow.
What to Watch NextA few developments will show whether this funding round translates into real market share:
Whether the OCC approves EDX Trust and on what timeline How quickly EDX Flowconnect gains adoption among firms building customer-facing crypto products Whether SBI’s yen stablecoin ecosystem creates new volume for EDX beyond the U.S. marketNone of those outcomes are guaranteed. Bank charter applications can take months or years to clear regulatory review, and crypto-as-a-service products depend on client firms actually building and launching on top of them.
