EDX Markets, a prominent cryptocurrency exchange tailored specifically for institutional investors, has successfully raised $76 million in a Series C funding round. The latest financial injection was led by Japanese financial giant SBI Holdings, marking one of the most substantial capital-raising efforts within the crypto market infrastructure sector this year. As institutional adoption of digital assets continues to broaden on a global scale, this fresh infusion of capital highlights the sustained interest and confidence that major financial institutions place in robust, compliant market infrastructure.
The company announced that the proceeds from the Series C round will be strategically deployed to scale its core operations. Specifically, EDX plans to expand its spot trading, clearing, and settlement services, develop innovative new product offerings, and accelerate its international growth initiatives. Currently, EDX operates a United States-focused institutional spot exchange alongside a Singapore-based perpetual futures venue that caters specifically to eligible non-United States institutional clients, positioning the firm as a versatile cross-border liquidity provider for professional market participants.
This latest funding round builds seamlessly upon a foundation of previous backing from some of the most influential names in traditional finance. Past investors in EDX include heavyweight institutions such as Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab. The continued participation and support from these traditional financial powerhouses underscore a persistent and growing investor appetite for institutional-grade crypto infrastructure, even against the backdrop of a broader venture capital funding market that has otherwise experienced periods of deceleration.
Over the past year, EDX has quietly but steadily expanded its operational footprint within the digital asset ecosystem. A significant milestone in this expansion occurred in May, when Ripple Prime integrated with the exchange. This integration allowed institutional clients to seamlessly access the deep spot and perpetual futures liquidity offered by EDX through Ripple’s established prime brokerage platform. Furthermore, the strategic partnership laid the groundwork for both companies to support RLUSD as an upcoming settlement and collateral asset, bridging the gap between traditional fiat-backed stability and blockchain-native rails.
The growing demand for sophisticated institutional trading venues is further evidenced by EDX’s trading metrics. The exchange has successfully processed as much as $685 million in daily trading volume during peak periods, demonstrating that institutional market participants are actively seeking out secure, transparent, and regulatory-compliant execution venues to manage their digital asset exposure.
Crypto infrastructure continues to attract capital despite bear market conditions
The successful closure of EDX’s Series C funding round reflects a broader macroeconomic and industry trend: investors remain deeply interested in funding foundational crypto infrastructure, even as digital asset trading volumes fluctuate and venture funding totals remain below the historic peaks witnessed during the 2021 bull market.
Rather than deploying capital into speculative tokens or consumer-facing applications with uncertain long-term retention, venture capitalists and institutional backers have increasingly turned their attention toward companies building the critical plumbing of the digital asset economy. This includes specialized firms developing advanced trading platforms, robust payment gateways, and secure settlement infrastructure. Investor thesis formulation is increasingly anchored on the belief that institutional adoption will inevitably expand as regulatory frameworks around the globe—and particularly in the United States—evolve to become more accommodating and transparent for traditional financial institutions.
This resilient appetite for foundational blockchain technology is visible across the broader venture landscape. San Francisco-based Framework Ventures, known as an early and active investor in numerous prominent crypto startups, recently announced the successful raise of a $400 million fund. According to reports from Fortune, this new capital vehicle is specifically targeted at backing frontier technologies, including next-generation blockchain networks and decentralized finance protocols, proving that institutional-grade venture capital remains fully engaged with the sector’s long-term horizon.
Other early-stage and growth-stage crypto infrastructure startups have similarly defied broader market headwinds by securing substantial injections of fresh capital. For instance, Fomo, a specialized crypto trading startup with a primary operational focus on cross-chain trading capabilities, recently completed a $75 million Series B funding round that valued the company at an impressive $550 million. In parallel, Trace Finance, a startup focused on building stablecoin-based cross-border payment and settlement infrastructure designed specifically for corporate clients, successfully raised $32 million to support the commercial expansion of its proprietary platform.
These concurrent capital raises across different segments of the digital asset economy reinforce the underlying sentiment driving EDX Markets’ latest funding round. As institutional market participants continue to demand reliable, scalable, and compliant entry points into the cryptocurrency asset class, the infrastructure providers facilitating this activity remain primary beneficiaries of institutional-grade venture investment.
Crypto Startups & Venture Capital
Crypto Startups & Venture Capital
Crypto Startups & Venture Capital
