The CFTC staff added four new questions to its FAQ on 24 September, and one of them lets futures brokers and clearing houses put customer funds into tokenised versions of investments they can already hold... tokenised money market fund shares are the example, as long as the token carries the same legal and economic rights as the thing underneath.
So the wrapper stops disqualifying an asset that's already on the approved list. Customer funds at US futures brokers hit a record $442.7bn in February (FIA), and I think the demand that opens up goes to tokenised Treasury and money market issuers. The 20% capital charge on $BTC and $ETH positions has sat in the same FAQ since 20 March 2026, and I don't think this changes anything about who gets to own Bitcoin.
No broker has said it's using it yet. I'll be watching for the first one that does.
#CFTC #Tokenization #RWA #Crypto
So the wrapper stops disqualifying an asset that's already on the approved list. Customer funds at US futures brokers hit a record $442.7bn in February (FIA), and I think the demand that opens up goes to tokenised Treasury and money market issuers. The 20% capital charge on $BTC and $ETH positions has sat in the same FAQ since 20 March 2026, and I don't think this changes anything about who gets to own Bitcoin.
No broker has said it's using it yet. I'll be watching for the first one that does.
#CFTC #Tokenization #RWA #Crypto