U.S. Commodities Firms Can Invest in Tokenized Assets, Use Blockchain Records: CFTC
The update lets brokers and clearinghouses use tokenized versions of permitted investments and accept blockchain records for regulatory reporting.
- On Thursday, the Commodity Futures Trading Commission issued updated guidance allowing platforms to invest customer funds in tokenized forms of permissible assets. This expands how firms manage derivatives.
- CFTC Chairman Mike Selig pledged on September 16 to create crypto rules under existing authority after the Clarity Act stalled in the Senate. Three CFTC divisions added four new FAQ entries.
- Firms must ensure tokenized assets grant holders legal and economic rights "the same or functionally equivalent" to traditional versions and meet liquidity, concentration, and maturity limits. Assets must sit with an acceptable depository.
- Staff noted that Regulation 1.31 and Regulation 45.2 are technology neutral, allowing entities to use blockchain for onchain records. Regulated businesses must establish systems to produce records during network disruptions.
- Payment stablecoins remain excluded from investment, and FAQ entries reflect staff views rather than binding rules. The guidance builds on previous letters permitting other assets as margin collateral.
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CFTC Staff Let Futures Brokers Invest Customer Funds in Tokenized Assets, Keep Records Onchain
Futures brokers and clearinghouses regulated by the Commodity Futures Trading Commission can invest customer money in tokenized versions of assets they are already allowed to buy, and registered firms can keep their required records on a blockchain, CFTC staff said in guidance released on Thursday. Three CFTC divisions, Market Participants, Market Oversight, and Clearing and Risk, added four new entries to a set of frequently asked questions on …
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BITRSSCFTC Updates Guidance on Tokenized Assets, Blockchain Records after Failed Vote
CFTC guidance originally released in March was updated to include changes to policies on keeping records using blockchain and companies investing user funds in tokenized forms.
CFTC Updates Guidance on Tokenized Assets, Blockchain Records after Failed Vote - Invest In Crypto News
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The Commodity Futures Trading Commission has opened the door to token assets for US commodity companies, establishing that they can be treated exactly like the traditional assets they represent. The new CFTC guidelines on token assets, published on Thursday, also clarify that blockchains are a valid tool for the holding of regulatory registers. [...]
[Digital Daily Reporter Kim Nam-gyu] U.S. financial authorities have paved the way for the use of "tokenized assets"—existing financial assets, such as government bonds and corporate bonds, converted into blockchain-based tokens—within institutional finance. This allows financial companies to utilize these assets for managing customer funds, provided that token holders hold rights identical or virtually equivalent to those of holders of existing…
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