CFTC backs blockchain for derivatives collateral

The CFTC has endorsed blockchain technology for managing trading collateral in U.S. derivatives markets, citing benefits like real-time transfers and reduced reliance on intermediaries. Commissioner Caroline Pham highlighted the potential for regulatory clarity on digital assets. President-elect Trump is considering crypto-friendly candidates to lead the CFTC, including Commissioner Summer Mersinger. According to The Block, interest in tokenized assets is growing, with the DTCC recently piloting tokenized U.S. Treasury bills as trading margin.