EDX Markets Raises $76 Million Series C Led by SBI Holdings

What happened

EDX Markets raised $76 million in a Series C financing round led by SBI Holdings, giving the institutional crypto exchange a strategic partner as it seeks a U.S. trust bank charter for digital asset custody.

Confirmed

Global impact / market context

The new capital and partnership with SBI Holdings improve EDX’s chances of obtaining a U.S. trust bank charter, which would let it legally hold client crypto assets, attract more institutional investors, and potentially increase its revenue and market credibility.

Analyst inference

Institutional interest in crypto is growing, but firms need regulated custody solutions. Obtaining a U.S. trust bank charter would align EDX with broader regulatory trends, making digital assets more accessible to traditional finance participants.

Analyst inference

What to watch

1. Progress on EDX’s U.S. trust bank charter application, as approval would unlock regulated custody services and likely boost institutional client onboarding. Analyst inference
2. SBI Holdings’ further involvement or additional funding rounds, which could signal confidence and provide more resources for EDX’s expansion. Analyst inference
3. Regulatory developments in the United States regarding digital asset custody, as tighter rules could affect the timeline and requirements for EDX’s charter. Analyst inference

Affected assets

• EDX — edeXa

Evidence

• blockhead.co