According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) approved tZERO DCM, LLC, a wholly owned subsidiary of financial market infrastructure provider tZERO Group, to register as a designated contract market and operate a regulated derivatives exchange. The CFTC approved tZERO DCO, LLC’s registration as a derivatives clearing organization on October 16, allowing tZERO’s regulated entities to support derivatives trading and clearing.

tZERO said the registrations will be integrated into its infrastructure-as-a-service business to develop trading and clearing services for financial institutions and other market participants. Under a merger agreement signed by tZERO and FG Imperii Acquisition Corp. on October 31, approval of both registrations was a condition for the first contingent consideration milestone, which has now been met. tZERO’s existing regulated securities infrastructure includes a broker-dealer, an alternative trading system, digital asset securities custody, transfer agency, and clearing and settlement services.