LedgerX Co-Founder & Former CTO Zach Dexter Named CEO

Ledger Holdings Inc., the mother or father firm to LedgerX LLC, a regulated cryptocurrency derivatives trade, introduced on Friday that LedgerX co-founder and former CTO, Zach Dexter, as the brand new CEO. This information comes lower than six months after LedgerX’s former CEO, Paul Chou, issued a “profanity-laced” tirade on Twitter after the Commodity Futures Buying and selling Fee contradicted the corporate claims that it had turn into the primary crypto-derivatives platform within the US to launch physically-settled bitcoin futures contracts to retail traders.

Based on Ledger Holdings, Dexter brings deep expertise with know-how, cryptocurrency and bitcoin derivatives. Throughout his time as Co-Founder and CTO, Dexter led a lot of LedgerX’s regulatory and controls audits, drove all technical facets of the corporate’s profitable trade and clearinghouse license purposes, and developed the corporate’s buying and selling, custody and settlement programs. Dexter’s expertise with high-growth shopper merchandise aligns with LedgerX’s new retail-focused technique.

Together with the brand new CEO announcement, Ledger Holdings introduced its newest funding spherical led by the corporate’s largest traders, which included Digital Finance Group that can shore up operational enhancements and permit the corporate to safe various further senior executives. Larry E. Thompson, Ledger Holdings Inc.’s Interim CEO, added:

“We’re excited to conclude this essential financing as we transfer ahead into the following part of our enterprise. Since my involvement with the corporate started, now we have saved in shut contact with all the firm’s stakeholders together with staff, traders and regulators and have saved the CFTC totally apprised of the corporate’s actions together with the latest financing.”