What is LedgerX?
LedgerX operates as the first federally regulated exchange and clearing house specifically designed to list and clear fully collateralized, physically settled bitcoin swaps and options. By maintaining registration as a swap execution facility and a derivatives clearing organization under the oversight of the U.S. Commodity Futures Trading Commission, the firm provides a secure, transparent environment for institutional market participants. Its market position is defined by its commitment to regulatory compliance, which serves as a critical differentiator in the volatile digital asset landscape. By offering institutional-grade clearing services, LedgerX mitigates counterparty risk, thereby facilitating broader adoption of cryptocurrency derivatives among sophisticated investors and financial institutions.
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 Lightspeed Venture Partners and Google Ventures
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
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, fintech, and infrastructure.
Google Ventures
GV is a venture capital firm that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations.
Miami International Holdings
Miami International Holdings operates global financial exchanges and execution services, owning several U.S. exchanges for equities, options, and commodities.
What's next for LedgerX?
With the recent strategic investment, LedgerX is well-positioned to scale its technological infrastructure and expand its product suite to meet the evolving needs of the institutional market. The focus will likely shift toward enhancing liquidity, deepening market integration, and potentially diversifying the range of underlying assets available for clearing. As regulatory frameworks for digital assets continue to mature globally, LedgerX's established compliance posture provides a competitive moat, allowing it to capture a larger share of the institutional trading volume. Future growth will be driven by the firm's ability to maintain its regulatory edge while scaling its clearing house capabilities to accommodate increased transaction throughput and complex derivative structures.
See full LedgerX company page
