EDXM Global (EDXMG), a rapidly growing digital asset company serving institutional clients, has officially launched its groundbreaking settlement platform—EDXM Global—in Singapore. This innovative platform sets new standards in the digital asset space by streamlining over-the-counter (OTC) trade settlements with unparalleled speed and reliability. Industry leaders GSR and Virtu Financial have become the first firms to utilize this platform, marking a significant milestone.
Key Highlights of EDXM Global's Launch
- Cutting-Edge Technology: Designed to simplify OTC settlements while minimizing counterparty risks.
- Institutional Focus: Tailored for cryptocurrency-native firms and global financial institutions.
- Strategic Backing: Supported by EDX Markets Holdings LLC after its successful Series B funding round.
👉 Discover how EDXM Global is revolutionizing digital asset settlements
Funding and Strategic Partnerships
EDXM Global's launch follows its parent company EDX Markets Holdings LLC (EDX) completing its Series B funding round in late 2023. The round was co-led by Pantera Capital and Sequoia Capital, with participation from founding consortium members such as:
- Citadel Securities
- Fidelity Digital Assets
- Virtu Financial
This robust financial backing underscores the platform's potential to transform digital asset trading.
Leadership Perspectives
Jamil Nazarali, CEO of EDX Markets
"The launch of EDXM Global represents the first step in our international expansion. We’re excited to offer a settlement service built on cutting-edge technology, rigorous compliance, and unwavering commitment to client service. EDXM Global enables users to navigate complex settlements while reducing counterparty risk."
Rich Rosenblum, Co-Founder & President of GSR
"Reducing OTC settlement risk is a game-changer for our clients. We’re proud to collaborate with a partner equally dedicated to excellence and innovation."
Douglas Cifu, CEO of Virtu Financial
"Virtu is thrilled to support EDX’s strategic advancements. Their solutions continue to streamline settlement processes, reducing barriers to digital asset adoption globally."
About EDXM Global
EDXM Global is a Singapore-based subsidiary of EDX Markets, founded in 2022 by a consortium of leading financial institutions and crypto-native investors, including:
- Traditional Finance: Citadel Securities, Fidelity Digital Assets, Charles Schwab
- Crypto Ventures: Sequoia Capital, Pantera Capital, Paradigm
The platform integrates best practices from traditional markets into the digital asset ecosystem, catering to both crypto-native firms and institutional players.
FAQs
What is EDXM Global?
EDXM Global is a digital asset settlement platform designed for institutional clients, offering faster, more secure OTC trade settlements.
Who are EDXM Global’s key partners?
GSR and Virtu Financial were the first to adopt the platform, backed by investors like Pantera Capital and Sequoia.
Where is EDXM Global headquartered?
The company operates from Singapore, serving global markets.
How does EDXM Global reduce settlement risks?
By leveraging real-time settlement protocols and minimizing counterparty exposure.
👉 Learn more about EDXM Global’s innovative solutions
For inquiries, contact:
EDX Markets
[email protected]