Following the announcement that Co-Founder and former CTO, Zach Dexter, is set to become the new CEO of LedgerX, a regulated cryptocurrency derivatives exchange, the platform’s parenting company, Ledger Holdings, announced that the interim CEO, Larry Thompson has been appointed to the LedgerX Board of Directors.
“I look forward to working with the other directors and management as we seek to establish the company’s strategic relationships with market participants and grow our client base.”
Along with the recent appointment news, Ledger Holdings revealed its latest investment round led by the company’s largest investors, which included Digital Finance Group that will shore up operational enhancements and allow the company to secure a number of additional senior executives. Thompson recently shared:
“We are excited to conclude this important financing as we move forward into the next phase of our business. Since my involvement with the company began, we have kept in close contact with all of the company’s stakeholders including employees, investors and regulators and have kept the CFTC fully apprised of the company’s actions including the recent financing.”
Dexter notably brings deep experience with technology, cryptocurrency and bitcoin derivatives. During his time as Co-Founder and CTO, he led many of LedgerX’s regulatory and control audits, drove all technical aspects of the company’s successful exchange and clearinghouse license applications, and developed the company’s trading, custody and settlement systems.