EDX Markets Completes $76 Million Series C Financing, Led by SBI Holdings

TechFlow News, July 07, according to PRNewswire, institutional digital asset technology company EDX Markets announced the completion of a $76 million Series C financing round, led by Japanese comprehensive financial group SBI Holdings. The proceeds will be used to expand its trading, clearing, and settlement capabilities, accelerate product development, and expand global business. SBI Holdings has recently continued to deploy in the digital asset sector, including issuing Japan's first trust bank-backed yen stablecoin JPYSC, and promoting the domestic circulation of USD stablecoins such as RLUSD and USDC. In addition, EDX launched the Crypto-as-a-Service product EDX FlowConnect™ earlier this year, and submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a regulated national trust bank, EDX Trust, to provide digital asset custody, clearing, and settlement services.