CFTC launches digital assets pilot, allowing Bitcoin and Ethereum as collateral
Key Takeaways
- The CFTC has launched a pilot program allowing Bitcoin, Ethereum, and USDC as collateral in derivatives markets.
- The initiative aims to integrate digital assets like BTC, ETH, and USDC into regulated US financial systems.
The Commodity Futures Trading Commission today launched a digital assets pilot program enabling the use of Bitcoin, Ethereum, and USDC as collateral in derivatives markets. The initiative represents a significant step toward integrating crypto assets into regulated US financial systems.
The pilot allows these digital assets to serve as tokenized non-cash collateral for derivatives trading, supporting innovation in tokenized markets under federal oversight. During the initial three-month period, Futures Commission Merchants may accept Bitcoin, Ether, and USDC as customer margin collateral, subject to weekly reporting and enhanced monitoring by the CFTC.
The commission also withdrew a prior staff advisory that restricted the use of digital assets as collateral, calling it outdated in light of recent market and legislative developments.
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