CFTC advisory committee recommends use of tokenized assets as collateral

The CFTC’s Global Markets Advisory Committee forwarded the recommendation around these blockchain or distributed ledger technology assets via its digital assets markets subcommittee, according to a press release on Nov. 21.

This development could lead to tokens of money-market funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX being used as collateral in traditional derivatives markets. These funds are part of the expanding tokenized assets market.