NEW YORK – Cryptocurrency exchange ErisX announces they have raised $27.5 million from investors including Nasdaq Ventures and Fidelity.

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Pending regulatory approval, Chicago-based ErisX will also operate a Derivatives Clearing Organization (DCO) offering clearing and settlement services for a variety of exchange-traded digital asset contracts for bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) starting next year.

Leveraging this infrastructure, the ErisX spot markets will also benefit from voluntary regulated oversight by the Commodity Futures Trading Commission (CFTC), as well as pending Money Service Business (MSB) licenses and Bitilcenses.

The ErisX offering ensures that global businesses, as well as individual investors, can efficiently manage risk in both the listed and spot digital asset markets.

While Fidelity did not respond to requests for comment, Nasdaq confirmed they have participated in investing into ErisX, but declined to provide a dollar amount.

According to ErisX CEO Thomas Chippas, the funds will be used to “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets.”

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