LCH DigitalAssetClear is a new fully-regulated, segregated clearing service for cash-settled Bitcoin index futures and options contracts traded on GFO-X.

DigitalAssetClear combines LCH SA’s proven market and counterparty credit risk management, and trusted market infrastructure, with GFO-X’s digital asset expertise. This allows LCH SA to deliver risk mitigation, and settlement, netting and margin efficiencies for a new, rapidly-growing asset class in a trusted regulated environment.

Safe exposure to digital assets
Fully-regulated service provides a safe, secure environment to gain exposure to digital asset derivatives.
Significant liquidity potential, with options directly on the reference rather than the futures.
Cash settlement (USD cash-settled futures and options on a Bitcoin reference).

Integrated and regulated
Approved by European and French regulators to clear cash-settled Bitcoin index futures and options contracts.Trusted, market-leading clearing infrastructure within the LSEG Post Trade ecosystem, based and regulated in Europe.
Seamless connectivity to GFO-X.

Full segregation of assets
Financial and operational risk segregation, with separate default fund, waterfall, IT chain and flows.
Provides stability and security, with no contagion risk to other LCH SA clearing services in the event of a clearing member default.

Enhanced risk management
Robust, proven risk management. 
Tailored, familiar historical VAR/Expected Shortfall models.
Counterparty risk management through clearing at the CCP level.
User-incentivised default management process.