CFTC subcommittee proposes allowing companies to use tokenized stocks as collateral

ChainCatcher news, according to CoinDesk, after a major group approved guidelines for the use of tokenized money market funds with the support of the U.S. Commodity Futures Trading Commission (CFTC), companies like BlackRock and Franklin Templeton may see their tokenized shares of money market funds used for trading.

According to two informed sources, a subcommittee of the CFTC Global Markets Advisory Committee voted to submit these recommendations to the full committee, which is expected to vote on the proposals later this year. The report did not disclose specific recommendations, but the mere act of sending the proposals to the full committee can be seen as a next step.