Chicago based crypto exchange ErisX announced that it obtained derivatives clearing organization license from the Commodity Futures Trading Commission (CFTC). It will allow the exchange’s upcoming clearinghouse to clear digital asset futures contracts.

As a registered DCO, the ErisX clearinghouse will offer the clearing of digital asset futures contracts. It will trade on ErisX’s regulated derivatives market, which will launch later this year. The crypto exchange was helpful in separating trade and settlement. This is because of the traditional DCM and DCO. According to ErisX CEO Thomas Chippas, this structure could widen the customer base since it’s a model used in other asset classes. The exchange will offer individuals and institutions a single, innovative platform to access digital asset spot and futures markets.

The crypto exchange obtained its DCO license after LedgerX snagged a DCM license last week.