★Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services

"EDX Markets' pursuit of a trust charter signals a critical maturation of crypto market infrastructure, facilitating secure institutional custody and asset management. This move enhances capital flow pathways from traditional finance into digital assets, potentially accelerating broader institutional adoption and market depth. It also reflects a strategic push by major players to shape regulated crypto services, influencing future market structure and competitive landscapes."