CFTC recommends tokenized non-cash collateral, blockchain use
Move aims to provide framework for how market participants can apply existing policies and procedures to use DLT for non-cash collateral in line with margin requirements.
The Commodity Futures Trading Commission’s (CFTC’s) Global Markets Advisory Committee (GMAC), overseen by Commissioner Caroline Pham, recently advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology.
The recommendation was approved without objection, marking the fourteenth GMAC recommendation advanced to the CFTC in the