U.S. CFTC Unveils Initiative to Enable Tokenized Collateral With Focus on Stablecoins In Derivatives Markets

The Commodity Futures Trading Commission (CFTC) is advancing a new initiative to integrate tokenized collateral—primarily stablecoins—into derivatives markets. Acting Chair Caroline Pham framed the MOVE as a catalyst for modernizing financial infrastructure and unlocking capital efficiency.

The initiative stems from the CFTC's crypto sprint program, which implements recommendations from the Trump-era Working Group on Digital Asset Markets. Public comments are being solicited through October 20, signaling regulatory openness to industry input.

"Blockchain innovation will transform derivatives markets through collateral management upgrades," Pham stated during the Crypto CEO Forum. The initiative builds upon the recently passed GENIUS Act, reflecting growing institutional acceptance of stablecoin utility.