Catenaa, Thursday, September 25, 2025- The Commodity Futures Trading Commission announced Tuesday a new initiative to let derivatives traders post tokenized collateral, including stablecoins, to secure contracts. Acting Chair Caroline D. Pham said the effort aims to modernize markets, citing benefits such as efficiency, transparency and reduced counterparty risk.
The plan follows a recommendation from the CFTC’s Global Markets Advisory Committee to expand the use of non-cash collateral through distributed ledger technology. Firms such as Circle, Coinbase, Crypto.com, Ripple and Moonpay had already joined a pilot program earlier this year.
Industry groups welcomed the move as Washington finalizes new rules under the GENIUS Act, the first law to regulate stablecoins. Regulators are still developing implementation frameworks. The CFTC, meanwhile, invited written comments from market participants on tokenized collateral use, with an October 20 deadline.
Pham said the agency remains focused on innovation and collaboration, noting close coordination with industry players and regulators.
A roundtable next week will explore expanding tokenized products in US markets. She added that the CFTC is also weighing a potential digital asset sandbox to test new tools in a controlled setting.
The initiative comes as US financial agencies race to adapt oversight of digital assets. Pham said the project reflects a broader push to ensure American markets remain competitive and responsible as crypto adoption accelerates globally.
