- 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.
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.
Cash is held in custodial accounts at Silvergate Bank. View digital asset custody and insurance information