EDX Markets
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Investors
Founders
About
EDX Markets is a Chicago-based institutional digital asset trading and clearing firm that operates an institutional-only crypto trading venue paired with a central clearinghouse 123. The company was founded in 2022 by a consortium of major Wall Street trading firms — Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Virtu Financial — alongside crypto-native investors Paradigm and Sequoia Capital, and went live in 2023 5. Pantera Capital joined later as a co-lead of the January 2024 Series B 67. Tony Acuña-Rohter is CEO 12. Earlier in 2026, EDX launched EDX FlowConnect, a crypto-as-a-service product enabling firms to launch digital asset trading for their customers, and in April 2026 applied for a U.S. national trust bank charter through the OCC to add regulated custody, clearing, settlement, and risk management services 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-07 | Series C | $76M | SBI Holdings | 1234 |
| 2024-01-24 | Series B | Undisclosed (company did not disclose; Bloomberg reported valuation doubled vs. Series A) | Pantera Capital, Sequoia Capital (co-led) | Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, DV Crypto, GSR Markets, GTS, HRT Technology, Miami International Holdings, Paradigm 678 |
| 2022-09-13 | Founding | Undisclosed (initial capitalization not publicly disclosed) | — | Charles Schwab, Citadel Securities, Fidelity Digital Assets, Virtu Financial, Paradigm, Sequoia Capital 5910 |
SBI Holdings was the sole investor in the Series C round 3. Proceeds will support expansion of trading, clearing, and settlement capabilities, product development, and international operations 12. Pantera Capital first joined as a new investor in the January 2024 Series B, which it co-led with founding investor Sequoia Capital 67.
What Investors Say
“EDX has built and provides a robust, regulatory-compliant platform addressing growing demand for institutional digital asset infrastructure.” — Yoshitaka Kitao, Representative Director, Chairman & President, SBI Holdings 1
What Founders Say
“SBI brings deep expertise serving global financial institutions and has built one of the world’s leading digital asset ecosystems.” — Tony Acuña-Rohter, CEO, EDX Markets 1
“The funding gives us flexibility to invest in the areas that matter most to our institutional clients. We’re focused on building the kind of market infrastructure institutions expect.” — Tony Acuña-Rohter, CEO, EDX Markets 3
Sources
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PR Newswire, “EDX Markets Closes $76 Million Series C Funding Round Led by SBI Holdings to Enhance Institutional Digital Asset Infrastructure,” July 7, 2026. Accessed July 2026. https://www.prnewswire.com/news-releases/edx-markets-closes-76-million-series-c-funding-round-led-by-sbi-holdings-to-enhance-institutional-digital-asset-infrastructure-302819428.html↩↩↩↩↩↩
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CoinDesk, “EDX Markets raises $76 million in Series C funding round led by SBI Holdings,” July 7, 2026. Accessed July 2026. https://www.coindesk.com/business/2026/07/07/edx-markets-raises-usd76-million-in-funding-round-led-by-sbi-holdings↩↩↩↩↩
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The Block, “SBI Holdings is sole investor in crypto platform EDX Markets’ $76 million Series C,” July 7, 2026. Accessed July 2026. https://www.theblock.co/post/407489/crypto-platform-edx-markets-series-c-funding-sbi-sole-investor↩↩↩↩↩
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Ledger Insights, “SBI leads $76m Series C for institutional crypto trading venue EDX Markets,” July 7, 2026. Accessed July 2026. https://www.ledgerinsights.com/sbi-leads-76m-series-c-for-institutional-crypto-trading-venue-edx-markets/↩
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CoinDesk, “Schwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX Markets,” September 13, 2022. Accessed July 2026. https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets — Founding announcement lists Citadel Securities, Fidelity Digital Assets, Charles Schwab, Virtu Financial, Sequoia Capital, and Paradigm as EDX’s launch backers; Pantera Capital is not named among the founding investors. ↩↩
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EDX Markets, “EDX Markets Launches Clearinghouse for Crypto Trading and Announces Completion of Series B Funding Round,” January 24, 2024. Accessed July 2026. https://edxmarkets.com/edx-markets-launches-clearinghouse-for-crypto-trading-and-announces-completion-of-series-b-funding-round/ — Confirms Pantera Capital joined as a new equity investor co-leading the Series B alongside founding investor Sequoia Capital. ↩↩↩
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FinSMEs, “EDX Markets Closes Series B Funding Round,” January 2024. Accessed July 2026. https://www.finsmes.com/2024/01/edx-markets-closes-series-b-funding-round.html — Independent confirmation of the January 2024 Series B co-led by Pantera Capital (new investor) and Sequoia Capital (existing founding investor). ↩↩↩
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Ledger Insights, “Fidelity backed crypto firm EDX Markets passes $1bn a month, eyes Asia,” 2024. Accessed July 2026. https://www.ledgerinsights.com/edx-markets-crypto-passes-1bn-asia/ — Contemporaneous trade-press coverage of the Series B; states “EDX didn’t share the Series B round amount, but Bloomberg said the valuation was double that of the Series A.” Confirms Pantera Capital as co-lead with existing investor Sequoia; participants named include Citadel Securities, Fidelity Digital Assets, and Virtu Financial. ↩
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Nasdaq (Benzinga), “Citadel Securities, Fidelity And Charles Schwab-Backed EDX Exchange Launches,” 2022. Accessed July 2026. https://www.nasdaq.com/articles/citadel-securities-fidelity-and-charles-schwab-backed-edx-exchange-launches — Contemporaneous press coverage confirming September 13, 2022 launch announcement of EDX Markets; no funding amount disclosed at founding. ↩
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MarketsWiki, “EDX Markets,” accessed July 2026. https://www.marketswiki.com/wiki/EDX_Markets — Industry reference confirming September 13, 2022 founding announcement date and backer consortium. ↩