CryptoCoinDeskabout 2 hours ago
CFTC Allows Tokenized Assets for Customer Funds
3 min read
The U.S. Commodity Futures Trading Commission issued guidance on Thursday allowing regulated derivatives firms to invest customer funds in tokenized assets that meet existing permissible criteria. Firms must ensure tokenized forms grant equivalent legal and economic rights. The CFTC also said blockchain records can satisfy recordkeeping rules, with conditions for public networks. This follows the Senate's failure last week to advance the Digital Asset Market Clarity Act.
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