The CFTC’s three divisions updated their crypto asset FAQ on September 24, allowing futures commission merchants to invest customer funds in licensed tokenized assets if the assets give holders the same or functionally equivalent legal and economic rights as traditional forms and are held by a compliant custodian. According to Odaily, regulatory records may be maintained on a blockchain without keeping a separate off-chain copy, while payment stablecoins remain prohibited as an investment option for customer funds. The guidance is staff opinion and has no legal force.
