EDX Markets Seeks Federal Trust Status to Enhance Regulated Services

EDX Markets, an institutional crypto platform backed by Citadel Securities and other financial firms, has taken a significant step towards deeper integration with the US banking system. The company has filed for a national trust bank charter with the Office of the Comptroller of the Currency (OCC), which would permit it to operate as a regulated entity under federal oversight.

The proposed structure would separate custody and settlement functions from trading operations, reducing systemic risk across crypto platforms and strengthening protections for client funds. This approach mirrors traditional market infrastructure, where exchanges, brokers, custodians, and market makers operate separately.