Ledger Holdings, the US-based parent company of nascent bitcoin options exchange LedgerX, has raised $11.4m in a series B round co-led by trading and technology group Miami International Holdings (MIH).
Huiyin Blockchain Venture Investments, a bitcoin and blockchain-focused venture capital subsidiary of China-based investment conglomerate Huiyin Group, co-led the round with MIH.
The series B funding will support LedgerX’s plans to create a regulated trading platform for bitcoin and other digital currencies which is awaiting pending regulatory approval from the US Commodity Futures Trading Commission (CFTC).
Paul Chou, chief executive of LedgerX, said: “In the short term, these investments will further our application to become a regulated exchange and clearing house for bitcoin options.
“In the long term, these strategic investors will help us enter additional marketplaces and territories.”
MIH invested an undisclosed sum in LedgerX in December 2016 while helping bring together a consortium of other investors. LedgerX had raised an undisclosed amount in 2014 from GV, a subsidiary of internet technology provider Alphabet, and VC firm Lightspeed Venture Partners.