Ledger Holdings, the NYC-based parent company of bitcoin options exchange LedgerX, closed $ an 11.4M in Series B financing.
The round was led by Miami International Holdings and Huiyin Blockchain Venture Investments.
The company intends to use the funds to supports its plan to operate a regulated exchange and clearing house for bitcoin and other digital currencies.
Led by Paul Chou, CEO, LedgerX operates a bitcoin swap exchange (Swap Execution Facility), which is currently awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate the first U.S. regulated exchange and clearing house for bitcoin options.
Upon approval, participating institutions can use the LedgerX platform to obtain and hedge bitcoin using exchange-traded and centrally-cleared options contracts.