LedgerX approved to clear futures and options on futures
The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has approved an Amended Order of Registration for LedgerX, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization under the Commodity Exchange Act.
Under the amended order, LedgerX is authorized to provide clearing services for fully-collateralized futures and options on futures, in addition to the previously authorized swaps. LedgerX will no longer be limited to clearing digital currency products.
LedgerX, a Delaware limited liability company located in New York City, is the first federally regulated exchange and clearing house in the US to list and clear fully-collateralized, physically-settled bitcoin swaps and options for the institutional market. The CFTC, which regulates virtual currency derivatives, oversees LedgerX’s registration as a swap execution facility (SEF) and derivatives clearing organization (DCO). The company’s services are open to all US residents, with no minimum account size.
In May 2017 Ledger Holdings Inc. announced the closing of $11.4 Million in Series B financing led by Miami International Holdings Inc. and Huiyin Blockchain Venture Investments. Early investors int he company included include Google Ventures and Lightspeed Venture Partners.