EDXM Markets Holdings Global, a digital asset company for institutional customers, has launched its Singapore-based settlement platform, EDXM Global, which aims to streamline OTC transaction settlements with speed and reliability.
Industry giants GSR and Virtu Financial were the first firms to use the new platform for trade settlement.
The launch of EDXM Global comes after its parent, EDX Markets Holdings, closed its Series B funding round late last year. Pantera Capital co-led the round alongside Sequoia Capital, a founding consortium member. Other founding members participating in the Series B include Citadel Securities, Fidelity Digital AssetsSM and Virtu Financial.
