EDX, a digital asset platform that integrates trading and clearing services, is expanding its global reach with new backing from Japan’s SBI Holdings. The firm aims to deliver secure, efficient, and liquid crypto markets while strengthening its institutional offerings.
Through its U.S. spot exchange and a Singapore-based perpetual futures platform for eligible non‑U.S. institutions, EDX serves a growing base of institutional customers. The company recently secured $76 million in a Series C funding round led by SBI Holdings, a move designed to broaden trading, clearing, and settlement services while advancing new products and expanding internationally. The strategy reflects rising institutional demand for secure and regulated digital asset networks.
EDX has already attracted support from major financial and technology firms, including Citadel Securities, Fidelity Digital Assets, Charles Schwab, and Sequoia Capital, which backed the company in June 2023. The latest investment reinforces SBI’s commitment to regulated digital asset networks, building on its transformation into a digital financial services leader through initiatives such as the development of a yen‑backed stablecoin.
SBI Holding Initiative
SBI Holdings has steadily expanded its digital asset activities. It introduced JPYSC, Japan’s first trust bank‑backed yen stablecoin, and has supported U.S. dollar stablecoins such as RLUSD and USDC in the Japanese market. The investment in EDX aligns with these initiatives, reinforcing SBI’s stablecoin ecosystem and strengthening its role in regulated digital finance.
SBI Chairman Yoshitaka Kitao emphasized that the alliance will advance digital asset innovation and broaden global market access. He highlighted the importance of trusted networks in supporting institutional adoption, noting that collaboration with EDX will accelerate the development of secure, compliant infrastructure for digital assets.
Crypto Market Advancement
The funding also supports EDX’s pursuit of a national trust bank charter to establish EDX Trust, which would provide regulated custody, clearing, settlement, and risk management services. This step would position EDX as a key player in bridging traditional finance standards with digital asset markets.
EDX has also launched Flowconnect, a solution designed to allow institutions such as banks, brokerages, and financial firms to offer digital asset trading services to their customers without building their own infrastructure. Flowconnect strengthens EDX’s regulatory position and makes adoption easier for compliance‑focused institutions.
The proposed trust bank charter would enable EDX to deliver fully regulated services across custody, clearing, settlement, and risk management, reinforcing its role as a trusted partner for institutions entering the digital asset space.
Outlook for Institutional Adoption
These expansions demonstrate the crypto industry’s ongoing transformation toward institutional adoption, driven by demand for networks that meet traditional finance standards for compliance, operations, and risk management. Japan remains a leader in cryptocurrency regulation, and SBI’s collaboration with EDX highlights the potential for deeper integration between Japanese and U.S. digital asset markets.
By combining EDX’s infrastructure with SBI’s stablecoin initiatives, the partnership underscores the growing importance of regulated digital asset networks in shaping the future of finance.
