The Commodity Futures Trading Commission (CFTC) has launched a formal initiative to allow tokenised collateral, including stablecoins, into U.S. derivatives markets. [RELEASE]

Why it matters: This is the strongest signal yet that U.S. regulators will allow tokenised Money Market Funds (MMFs) and stablecoins as eligible collateral in the $600T global derivatives market (notional value). Collateral = the foundation of derivatives. Shifting from cash and Treasuries to tokenised instruments unlocks 24/7 liquidity, faster settlement, and lower capital costs.