SBI Leads $76 Million Investment in Institutional Crypto Exchange EDX

The Series C funding round, confirmed on July 7, 2026, positions EDX to expand its reach beyond American borders. While the company declined to disclose its valuation, CEO Tony Acuña-Rohter welcomed SBI as a strategic partner, noting that the capital will support an aggressive growth strategy for both its U.S.-based spot trading venue and the international perpetual futures platform, EDXM International. The firm currently operates under a market structure that decouples trading from custody and clearing to mitigate conflicts of interest.

Beyond core trading services, EDX is scaling its "crypto-as-a-service" product, FlowConnect, which enables third-party firms to integrate digital asset trading without building proprietary infrastructure. The company is also awaiting approval from the Office of the Comptroller of the Currency to establish EDX Trust, a national bank intended to handle sophisticated custody and risk management. This expansion follows a recent integration with Ripple Prime, which provides institutional clients with unified access to EDX liquidity and futures, further signaling the industry's shift toward traditional-style prime brokerage models for digital assets.