EDX Markets, a Hoboken, NJ-based digital asset marketplace, raised an undisclosed amount in Series B funding.
The round was led by Pantera Capital and Sequoia Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Jamil Nazarali, CEO, EDX Markets is a digital asset marketplace designed to meet the needs of both crypto native firms and financial institutions. It enables efficient trading of digital assets, leveraging practices from financial markets on a purpose-built crypto platform.
EDX launched trading in June 2023 and is backed by a consortium of major financial institutions, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, as well as Sequoia, Pantera, Paradigm, and others.
The company also announced the launch of its digital asset clearinghouse, EDX Clearing.
Commenting on the news, Jamil Nazarali said: “Further, Pantera’s investment in EDX demonstrates the success of our model and ability to attract quality investors to EDX. We are thrilled to have Pantera back EDX on our mission to be the most competitive, transparent, trusted, and efficient digital asset market.”
FinSMEs
24/01/2024