CFTC Subcommittee Sends Up Recommendations for Letting Firms Use Tokenized Shares as Collateral: Bloomberg

The CFTC's Global Markets Advisory Committee approved guidelines for tokenized shares of money-market funds, potentially impacting investment strategies for major firms like BlackRock and Franklin Templeton.

The recent vote by a CFTC subcommittee to send recommendations for tokenized shares to the full committee suggests significant movement in regulatory frameworks around digital asset trading.

BlackRock's BUIDL fund exemplifies a rapidly growing trend in blockchain tokenization, achieving a notable market value milestone just months after its launch in March.

While specific recommendations remain undisclosed, the action of advancing them to the full committee indicates a strong interest in integrating tokenized financial products into established markets.

Read at Coindesk