LedgerX LLC received an order of registration as a swap execution facility from the Commodity Futures Trading Commission. LedgerX applied for registration as a SEF and a derivatives clearing organization in order to list and clear fully collateralized, physically settled options on Bitcoin – which the CFTC regards as swaps under its jurisdiction. LedgerX’s application for designation as a DCO, which was filed with the CFTC on January 25, 2017, is still pending. As part of its SEF order, LedgerX will not list any intended to be cleared swap until it has a clearing agreement with a registered DCO.