EDX Markets Seeks Trust Charter for Institutional Crypto Services
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
EDX Markets, backed by heavyweights like Citadel Securities, has filed for a national trust bank charter to enhance services for institutional clients. If approved, theyll handle custody, asset management, and principal trading, with custody and settlement in a separate, tightly regulated trust. They currently offer bitcoin, ether, litecoin, and bitcoin cash, with plans to include more tokens. This move aims to bring Wall Street-style structure to crypto, following the lead of firms like Fidelity Digital Assets and Charles Schwab. As competition intensifies, EDX and other crypto platforms are striving to provide secure custody and low-risk setups to attract institutional investors, paving the way for crypto to integrate with mainstream finance.
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