EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand.The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients.The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets,…

Tokenized equities posted record trading activity in June as investors piled into blockchain-based versions of SpaceX (SPCX) stock following the aerospace company’s blockbuster initial public offering.On-chain trading volume climbed 145% from May to $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. Tokenized SpaceX shares accounted for $1.19 billion of the total, or about 31% of all tokenized equity trading during the month.The surge followed SpaceX’s $75 billion IPO, the largest on record, which valued the company at roughly $1.8 trillion on a fully diluted basis.Backpack Securities’ SPCX token was the most popular tokenized version of the…

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