CME Group -- the largest derivatives exchange in the world -- is developing a tokenized cash product to be used as institutional collateral, with plans to roll it out this year.
This is the same CME that: 📊 Clears trillions of dollars in futures and options 📊 Runs core markets for rates, FX, equities, energy, and crypto 📊 Sits at the center of global price discovery
They’re building this with Google Cloud, and it’s designed for real clearing, margin, and settlement, not a pilot or PR demo.
This isn’t crypto experimenting with TradFi. This is #TradFi upgrading itself -- on-chain.