What licenses does LedgerX hold?
- What licenses does LedgerX hold?
LedgerX holds three licenses with the CFTC:
- Derivatives Clearing Organization (DCO)
- Designated Contract Market (DCM)
- Swap Execution Facility (SEF)
These licenses enable us to operate our exchange and clearinghouse in all 50 states in the US (including its territories), with access to certain international jurisdictions.
- What is a clearinghouse?
Clearinghouses hold and monitor risk in the regulated financial system, ensuring counterparties can meet the financial obligations represented by their positions. LedgerX maintains a Derivatives Clearing Organization (DCO) license issued by the U.S. Commodity Futures Trading Commission (CFTC), which authorizes us to clear fully-collateralized futures, options on futures, and swaps (which include options on commodities).
All trades executed on LedgerX DCM are cleared by the LedgerX DCO.
- How does LedgerX handle custody for US dollars?
Cash is held in custodial accounts at Silvergate Bank. View digital asset custody and insurance information
