The Commodity Futures Trading Commission (CFTC) has reportedly provided regulatory greenlight to a license modification, dedicated to ErisX’s clearing house. 

Specifically, the license amendment will reportedly offer ErisX the ability to make additional trading solutions available. 

“The significance of the Amended Order is that it expands our licensed activities allowing us to clear products on other commodities beyond just virtual currencies or crypto,” ErisX general counsel Laurian Cristea reportedly remarked. 

“Now we may list futures or swaps across the commodities spectrum from new crypto related contracts such as hash rate futures or crypto indices, to event contracts, and contracts on other commodities including, for example, tokenized base metals, precious metals, and diamonds.”

The ErisX brand reportedly comes with an exchange hosting spot and futures trading, together with a clearing entity, which also supports spot and futures activities, Cristea explained. 

“On the Federal level, our exchange holds a Designated Contract Market (DCM) license, and our clearing house holds a Derivatives Clearing Organization (DCO) license”. 

Different from the crypto sphere, where exchanges are able to put on various hats, regulation made it mandatory for mainstream traditional finance to set apart different branches of a corporation. 

Exchanges are in charge of offering market availability, while clearing houses take care of the assets and their settlements on the back end.

Apart from the addition of mainstream market commodity clearing ability, the change rolled out by the CFTC further equipped ErisX with an additional edge. 

“Our clearinghouse platform, composed of our TCS™ technology and DCO license, now possesses several important distinctions and capabilities not featured with all DCOs,”