LedgerX is the first federally regulated exchange and clearing house to list and clear fully-collateralized, physically-settled bitcoin swaps and options for the institutional market. The U.S. Commodity Futures Trading Commission (CFTC), which regulates virtual currency derivatives, oversees LedgerX's registration as a swap execution facility (SEF) and derivatives clearing organization (DCO).
The LedgerX management team comprises Goldman Sachs, MIT and CFTC alumni, who bring financial expertise, technical talent and regulatory experience to the firm. Ananda Radhakrishnan, former Director of the CFTC’s Division of Clearing and Risk and current Vice President of the Center for Bank Derivatives Policy at American Bankers Association, and Carl Mahler, Partner at Gelber Group, currently sit on the LedgerX Board of Directors. Mark Wetjen, Managing Director at Depository Trust & Clearing Corp (DTCC) and former Commissioner of the CFTC, currently sits on the board of directors of Ledger Holdings Inc., the parent company of LedgerX.
On May 22, 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 include Google Ventures and Lightspeed Venture Partners.