Tassat’s Acquisition of SEF Registration Approved By CFTC

This SEF transfer approval marks an important milestone in Tassat’s plan to launch its cryptocurrency derivatives exchange and list its first contract

NEW YORK, Nov 11 (Bernama-BUSINESS WIRE) — Tassat Group LLC, a global provider of financial technologies and products for the traditional and digital asset markets announced today that the CFTC has approved its acquisition of a Swap Execution Facility (“SEF”) registration.

With this transfer approval, Tassat will move forward with plans to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap. This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.