The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has approved the application of LedgerX LLC (LedgerX) for temporary registration as a swap execution facility (SEF).
LedgerX plans to list and clear fully collateralized, physically settled options on bitcoin. Today is a step forward, as back in December 2014 the CFTC asked for public comment on the applications submitted by LedgerX for registration as a derivatives clearing organization and registration as a swap execution facility.
Demonstrating the interest in digital currency and Bitcoin from the financial establishment, back in October of 2014 the company raised funding from Google Ventures and Lightspeed Venture Partners and brought on big financial industry names to its board of directors to add a dose of legitimacy to the virtual currency space to pave way for the first bitcoin futures exchange with CFTC approval.
LedgerX is a limited liability company based in Delaware; and it is a wholly-owned subsidiary of NYBX Inc., a corporation also based in Delaware.
For the official announcement, click here.