On Friday the Commodity Futures Trading Commission (CFTC) announced a Crypto CEO Forum to discuss the launch of a digital assets pilot for tokenized collateral. In November a CFTC industry advisory subcommittee recommended that the CFTC adopt tokenized non-cash collateral for margin purposes. The group found there was no need for regulatory or rule changes.
The CFTC is initially inviting the CEOs of Circle, Coinbase, Crypto.com, MoonPay and Ripple to discuss the use of stablecoins as non-cash collateral.
When the digital assets subcommittee made the tokenization recommendation in November, they suggested the types of collateral would be World Bank bonds, government securities, corporate debt, money market funds and gold. Of course, many stablecoins resemble money market funds.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
