SBI Holdings Backs EDX Markets with $76 Million as Sole Series C Investor
Japan's SBI Holdings has committed $76 million to institutional crypto platform EDX Markets in a sole-investor Series C round. The investment reinforces SBI's continued expansion into digital asset infrastructure. SBI Holdings already holds a significant stake in Ripple, making its broader crypto positioning relevant context for XRP market watchers.
Japan's SBI Holdings has closed a $76 million Series C funding round in EDX Markets, an institutional-grade cryptocurrency trading platform, serving as the sole investor in the round. The deal underscores SBI's ongoing commitment to building out regulated, institutional-facing digital asset infrastructure across global markets.
SBI Holdings is one of Ripple's most prominent and longstanding strategic partners and shareholders, having participated in multiple Ripple funding rounds and operating XRP-related financial services through its Japanese subsidiaries. Its continued investment activity in the broader crypto space is therefore relevant context for observers tracking institutional confidence in the XRP ecosystem.
EDX Markets was originally launched with backing from traditional finance names and is designed to serve institutional clients with a compliant trading environment. SBI's decision to lead this round alone signals a high level of conviction in the platform's trajectory.
The scale of the investment, $76 million in a single institutional round, places it among the more significant crypto infrastructure deals in the current market environment. It also highlights SBI's posture as an active capital deployer across multiple nodes of the digital asset industry.
Key facts
- •SBI Holdings is the sole investor in EDX Markets' Series C round
- •The round totals $76 million
- •EDX Markets is an institutional cryptocurrency trading platform
- •SBI Holdings is a longstanding strategic partner and shareholder of Ripple