The funding round positions EDX to accelerate the development of its global operations and product suite. Currently, the company operates an institutional-only marketplace alongside a U.S.-focused spot exchange and a Singapore-based venue for perpetual futures. According to CEO Tony Acuña-Rohter, the partnership with SBI is strategic, aligning with the platform’s focus on regulatory-compliant infrastructure. SBI Holdings Chairman and CEO Yoshitaka Kitao highlighted that the investment supports the group’s broader ecosystem, which encompasses stablecoins, banking, and securities.
EDX is simultaneously expanding its operational footprint through the proposed formation of EDX Trust, a national trust bank designed to handle custody and risk management. This move follows the recent integration of Ripple Prime, which provides institutional clients access to liquidity across spot and futures markets. As firms like Fomo and Digital Asset Holdings continue to draw significant capital, the move signals a sustained appetite among investors for robust settlement networks and payment rails that can support institutional-grade trading volume.
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