Difference between revisions of "LedgerX"

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LedgerX, LLC is the first federally regulated swap execution facility and clearing house to list and clear fully-collateralized, physically-settled digital currency swaps and options.<ref>{{cite web|url=https://ledgerx.com/about-ledgerx/|name=Website|org=LedgerX, LLC|date=April 19, 2018}}</ref> LedgerX LLC was registered by the CFTC as a [[swap execution facility (SEF)]] on July 6, 2017 <ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7584-17|name=CFTC Grants SEF Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref> and as a [[derivatives clearing organization (DCO)]] on July 24, 2017.<ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7592-17|name=CFTC Grants DCO Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref> The DCO registration limits LedgerX to clearing fully-collateralized digital currency swaps.<ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7592-17|name=CFTC Grants DCO Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref>
 
LedgerX, LLC is the first federally regulated swap execution facility and clearing house to list and clear fully-collateralized, physically-settled digital currency swaps and options.<ref>{{cite web|url=https://ledgerx.com/about-ledgerx/|name=Website|org=LedgerX, LLC|date=April 19, 2018}}</ref> LedgerX LLC was registered by the CFTC as a [[swap execution facility (SEF)]] on July 6, 2017 <ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7584-17|name=CFTC Grants SEF Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref> and as a [[derivatives clearing organization (DCO)]] on July 24, 2017.<ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7592-17|name=CFTC Grants DCO Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref> The DCO registration limits LedgerX to clearing fully-collateralized digital currency swaps.<ref>{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7592-17|name=CFTC Grants DCO Registration to LedgerX LLC|org=CFTC|date=April 19, 2018}}</ref>
 
    
 
    

Revision as of 15:53, 7 July 2018


LedgerX, LLC is the first federally regulated swap execution facility and clearing house to list and clear fully-collateralized, physically-settled digital currency swaps and options.[1] LedgerX LLC was registered by the CFTC as a swap execution facility (SEF) on July 6, 2017 [2] and as a derivatives clearing organization (DCO) on July 24, 2017.[3] The DCO registration limits LedgerX to clearing fully-collateralized digital currency swaps.[4]

LedgerX was established as a Delaware limited liability company in April 2014[5] and applied to the CFTC for its registration in August. According to press stories in August 2014, LedgerX was funded with $4.5 by Lightspeed Venture Partners, Google Ventures, SV Angel and Fenway Summer, among others. In May 2017, LedgerX announced that its parent, Ledger Holdings, had raised an additional $11.4 in a Series B round led by Miami International Holdings and Huiyin Blockchain Venture Investments.[6] In an earlier announcement on December 16, 2016, Miami International Holdings and LedgerX had stated that they had agreed that Miami International Holdings received exclusive worldwide rights for ten years to license equity or fixed income products related to LedgerX products for listing on MIAX and MIAX PEARL, the two Miami International Holdings existing at the time. The parties also agreed to pursue technology opportunities at that time.[7]

Ledger Holding Inc., the parent of LedgerX, also owns LedgerPrime, which was established to make markets in LedgerX contracts[8] LedgerX website reported that the first trades of bitcoin swaps occurred on October 16, 2017, when 31 day-ahead swaps changed hands.[9]

References