What is LedgerX?
LedgerX operates as the first federally regulated exchange and clearing house offering fully collateralized, physically settled bitcoin swaps and options tailored for the institutional market. Overseen by the U.S. Commodity Futures Trading Commission (CFTC), LedgerX holds registrations as a swap execution facility (SEF) and derivatives clearing organization (DCO). This regulatory compliance is crucial for its operations, providing a secure and transparent platform for sophisticated financial instruments in the digital asset space. The company's focus on regulated derivatives addresses a critical need for institutional investors seeking to engage with cryptocurrencies through established financial frameworks.
How much funding has LedgerX raised?
LedgerX has raised a total of $16.9M across 3 funding rounds:
Angel/Seed
$1.5M
Series B
$11.4M
Private Equity
$4M
Angel/Seed (2014): $1.5M with participation from Google Ventures and Lightspeed Venture Partners
Series B (2017): $11.4M led by Miami International Holdings
Private Equity (2020): $4M supported by Miami International Holding (MIAX) and Huiyin Blockchain
Key Investors in LedgerX
Google Ventures
GV is a venture capital firm specializing in early-stage technology and life sciences companies, providing financial backing and strategic guidance to foster innovation and growth.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm focused on enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed to IPO.
Miami International Holdings
Miami International Holdings operates global financial exchanges and execution services, including U.S. exchanges for equities, options, and commodities, and the Bermuda Stock Exchange.
What's next for LedgerX?
With its recent major strategic investment and a substantial total funding amount of $16.9M, LedgerX is well-positioned for its next phase of expansion. The company's established regulatory standing, combined with its innovative product offerings in the institutional digital asset derivatives market, suggests a trajectory focused on scaling operations, enhancing its trading infrastructure, and potentially broadening its suite of regulated crypto-financial products. Future developments are likely to emphasize deepening institutional adoption and solidifying its position as a leader in compliant digital asset trading.
See full LedgerX company page
