EDX Markets Raises $76 Million in SBI Holdings-Led Funding Round
EDX Markets has secured $76 million in a funding round led by SBI Holdings, targeting institutional clients through a model that separates trading from custody via a central clearinghouse. The raise is relevant to XRP holders given SBI Holdings' deep and long-standing ties to Ripple and the XRP ecosystem. The institutional infrastructure play could have downstream implications for XRP liquidity and adoption.
EDX Markets has closed a $76 million funding round led by SBI Holdings, the Japanese financial giant that is one of Ripple's most significant strategic partners and a major holder of XRP. The capital raise signals continued institutional appetite for crypto trading infrastructure built around minimizing counterparty risk.
EDX Markets operates on a model that separates trading activity from custody, routing settlements through a central clearinghouse. This structure is designed specifically for institutional participants who require segregated risk management, a model increasingly common in traditional financial markets.
SBI Holdings' role as lead investor is the key XRP-ecosystem connection here. SBI has consistently expanded its crypto services in Japan and Asia, often with XRP and Ripple technology at the center of those efforts. Additional investment capital flowing into SBI-backed ventures could reinforce that strategic direction.
The funding round does not directly involve Ripple or XRPL, but the SBI relationship makes it a relevant data point for monitoring the institutional infrastructure being built around XRP-friendly entities. Any expansion of EDX's clearinghouse model into XRP-denominated products would be a follow-on development worth watching.
Key facts
- •EDX Markets raised $76 million in a new funding round
- •SBI Holdings led the round
- •EDX's model separates trading from custody using a central clearinghouse
- •The structure targets institutional clients and minimizes counterparty risk
- •SBI Holdings is a major strategic partner of Ripple and significant XRP-aligned investor