CFTC's Global Markets Advisory Committee Advances Recommendation on Tokenized Non-Cash Collateral
November 22, 2024
November 22, 2024
WASHINGTON, Nov. 22 -- The Commodity Futures Trading Commission issued the following news release on Nov. 21, 2024:
The Commodity Futures Trading Commission's Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC's Digital Asset Markets Subcommittee also presented on the progress of its Utility Tokens workstream.
&q . . .
The Commodity Futures Trading Commission's Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC's Digital Asset Markets Subcommittee also presented on the progress of its Utility Tokens workstream.
&q . . .