CFTC updates FAQs on tokenized customer funds and blockchain records

  • CFTC divisions updated FAQs on tokenized customer funds and blockchain recordkeeping.
  • Regulation 1.25 permits specified customer-fund investments, including tokenized representations under the revised guidance.
  • The FAQs follow the Senate’s September 15 rejection of the CLARITY Act.

The Commodity Futures Trading Commission’s Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk updated their crypto asset and blockchain FAQs on September 24. The revisions explain how futures commission merchants and derivatives clearing organizations may invest segregated customer funds in tokenized forms of investments permitted under CFTC Regulation 1.25, and when blockchain or distributed ledger technology can fulfill recordkeeping requirements. First issued on March 20, 2026, alongside the agency’s tokenized collateral guidance, the FAQs are staff views rather than binding rules. The update follows the Senate’s rejection of the CLARITY Act on September 15 and comes as the CFTC advances a proposed crypto market structure rule submitted to the White House Office of Management and Budget on September 17. The agency has also issued no-action relief on digital assets accepted as margin collateral and broadened relief for passive crypto software providers.

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