CoinDesk·3 min read·medium
EDX Markets raises $76 million in funding round led by SBI Holdings
F
Francisco Rodrigues
✦AI Summary
EDX Markets has secured $76 million in a new funding round led by SBI Holdings to expand its institutional crypto marketplace. The company aims to use these funds to grow internationally and develop new products while pursuing a U.S. national trust bank charter.
The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets.
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