Distributed ledger technology can help solve longstanding challenges in US financial markets, the report said.
The Commodity Futures Trading Commission endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee.
Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivative exchanges and expand the variety of assets available to collateral trades, the report said.
“All over the world, there have been successful and proven commercial use cases for tokenization of assets,” CFTC Commissioner Caroline D. Pham said in a statement, adding:
