EDX Markets, a cryptocurrency exchange built specifically to cater to the stringent requirements of institutional investors, has successfully raised $76 million in a Series C funding round. The latest capital infusion was led by Japanese financial giant SBI Holdings, marking one of the most substantial venture financing rounds within the crypto market infrastructure sector this year. This major injection of capital underscores the steady, enduring expansion of institutional adoption within the digital asset ecosystem, even as broader market conditions and venture capital funding environments experience shifting tides.
The company announced that the newly acquired proceeds will be deployed strategically to scale several core areas of its business. These include the expansion of its spot trading operations, enhancement of clearing and settlement services, development of innovative financial products, and aggressive international growth. EDX currently operates a robust, United States-focused institutional spot exchange alongside a Singapore-based perpetual futures venue designed specifically for eligible non-US institutional clients.
This latest funding round builds directly upon a strong foundation of previous backing from some of the most influential names in traditional finance. Early and ongoing investors in the exchange include heavyweight market makers and financial institutions such as Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab. The continued participation and financial commitment from these traditional financial giants highlight an unflagging investor appetite for robust, compliant institutional crypto infrastructure, persevering through periods when broader venture funding markets have otherwise slowed down.
Over the past year, EDX has quietly but steadily expanded its operational footprint and technological capabilities within the digital asset landscape. A notable milestone occurred in May, when Ripple Prime completed an integration with the exchange. This strategic move allowed institutional clients to seamlessly access the deep liquidity pools of EDX’s spot and perpetual futures markets directly through Ripple’s sophisticated prime brokerage platform. Furthermore, the partnership laid the groundwork for both companies to support RLUSD as a critical settlement and collateral asset moving forward.
The growing maturity and demand for institutional-grade venues are further reflected in the exchange’s trading metrics. EDX has processed as much as $685 million in daily trading volume, offering a clear signal that institutional participants are actively seeking out secure, transparent, and regulatory-compliant trading environments for their digital asset allocations.
Crypto infrastructure continues to attract capital despite bear market conditions
The successful closure of EDX’s Series C funding round serves as a powerful reflection of sustained investor confidence in institutional crypto infrastructure. This momentum persists despite periods where digital asset trading volumes have softened and overall venture capital funding figures have remained noticeably subdued compared to the industry’s historic 2021 peak.
In the current market environment, institutional investors and venture capitalists have increasingly concentrated their capital on companies building foundational pillars—specifically trading, payments, and settlement infrastructure. This targeted investment strategy is driven by a shared conviction that institutional adoption will continue to scale exponentially as regulatory frameworks, particularly in the United States, evolve to become more accommodating and transparent for traditional financial institutions entering the crypto space.
The broader venture capital landscape reflects this strategic reallocation toward frontier technologies and foundational blockchain systems. For instance, San Francisco-based Framework Ventures, known as an early and influential investor across a multitude of crypto startups, recently closed a massive $400 million fund. According to reports from Fortune, this new capital pool is specifically targeted at frontier technologies, encompassing advanced blockchain networks and decentralized finance ecosystems.
At the same time, a wave of other crypto infrastructure and financial technology startups have successfully secured fresh capital to expand their product offerings and market reach. Fomo, a prominent crypto trading startup focusing heavily on cross-chain trading capabilities, recently closed a $75 million Series B funding round that valued the company at an impressive $550 million. Concurrently, Trace Finance, an emerging startup constructing stablecoin-based cross-border payment and settlement infrastructure designed specifically for modern businesses, successfully raised $32 million to accelerate the expansion of its core platform.
These concurrent capital raises across the infrastructure landscape point to a maturing industry where investors are actively prioritizing the plumbing of the digital asset economy. As institutional players demand higher standards of security, regulatory compliance, and execution efficiency, exchanges and infrastructure providers like EDX Markets are well-positioned to capture the next wave of capital flowing into the cryptocurrency markets.
Crypto Startups & Venture Capital
Crypto Startups & Venture Capital
Crypto Startups & Venture Capital
