Citadel and Fidelity just made their clearest move yet to rebuild crypto like Wall Street

EDX Markets’ bid for a federal trust bank charter is not just another crypto expansion story. It is a live test of whether Wall Street-backed firms can move more of crypto’s custody and settlement stack inside the U.S. banking perimeter. Citadel, Fidelity, and Schwab-backed EDX wants to bring equity market structure to crypto through a federal trust bank EDX Markets’ application for a federal trust bank charter opens…