SBI Holdings Invests $76 Million in Institutional Crypto Exchange EDX Markets

SBI Holdings has invested $76 million in EDX Markets, an institutional digital-asset trading platform, as the Japanese financial group pushes to expand its global digital-asset infrastructure.

The Block reported on July 7 that SBI was the sole investor in EDX Markets' Series C funding round. EDX disclosed the size of the investment but did not reveal its valuation or detailed terms. It was the first time the company had made the amount it raised public.

Founded in 2022, EDX Markets is an institutional-only digital-asset trading platform that offers trading, clearing and settlement services based on a central counterparty clearinghouse model. The fresh capital will be used to upgrade trading and settlement infrastructure, develop new services and support global expansion. EDX is focused on building the infrastructure large banks and other institutional investors need to enter the digital-asset market.

SBI has been rapidly expanding its digital-asset business. It launched JPYSC, Japan's first yen-denominated stablecoin issued through a trust bank, and is also involved in the distribution of dollar-based stablecoins including RLUSD and USDC. The company plans to use the investment to accelerate growth in the institutional digital-asset market, particularly in the Asia-Pacific region.

Yoshitaka Kitao, chairman and president of SBI Holdings, said EDX had built a robust, regulation-friendly platform capable of meeting institutional demand for digital assets. He added that SBI would connect the investment with its broader digital-asset ecosystem, including JPYSC and its dollar-based stablecoin business, to accelerate innovation and support global expansion.