CFTC Subcommittee Sends Up Recommendations for Letting Firms Use Tokenized Shares as Collateral: Bloomberg
Summary
BlackRock and Franklin Templeton may see tokenized shares of their money-market funds used in trading following guidelines approved by a CFTC subcommittee. These recommendations will be voted on by the full committee later this year. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) exemplifies the growing trend of blockchain-based tokens for traditional investments, becoming the largest tokenized Treasury fund shortly after its launch, surpassing $500 million in market value by July. The CFTC’s Global Markets Advisory Committee includes members like BlackRock and Bloomberg LP.
