CFTC to Pilot Tokenized Collateral in Derivatives Markets Starting With Bitcoin, Ethereum and USDC – Decrypt

Dec 8, 2025 - 22:45
CFTC to Pilot Tokenized Collateral in Derivatives Markets Starting With Bitcoin, Ethereum and USDC – Decrypt
In brief The pilot program permits FCMs to accept Bitcoin, Ethereum, and USDC as margin with enhanced reporting requirements. New guidance outlines how tokenized Treasuries and money-market funds can be used within existing CFTC rules. Staff advisory limiting the use of digital assets as collateral was withdrawn amid regulatory changes under the GENIUS Act. The...

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