US CFTC launches pilot program for tokenized derivatives collateral

The U.S. Commodity Futures Trading Commission (CFTC) has launched a digital asset pilot program to explore the use of tokenized collateral in derivatives markets. According to accompanying guidelines, only BTC, ETH, and USDC will be permitted as collateral during the initial three-month period. The initiative is part of the agency's "Crypto Sprint," which aims to intensively review cryptocurrency issues over a limited time to establish a viable regulatory framework. The program's objective is to implement recommendations from a White House policy report on digital assets.