CFTC Approves ETH, Bitcoin, USDC, and Tokenized Assets as Collateral in Derivatives Markets
The CFTC’s three-month pilot program permits BTC, ETH, and USDC as regulated derivatives collateral, with strict custody and reporting rules replacing outdated provisions under the GENIUS Act.
BTC
ETH
USDC
Summary
The Commodity Futures Trading Commission has launched a three-month pilot program allowing Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) as compliant collateral in U.S. regulated derivatives markets. The initiative enforces strict custody and reporting requirements and includes guidance on tokenized collateral, effectively replacing outdated rules following the GENIUS Act. This marks a regulatory milestone in integrating digital assets into traditional derivatives trading.
Terms & Concepts
- CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission, a U.S. federal agency overseeing derivatives markets including futures, options, and swaps.
- Tokenized collateral: Collateral represented in a blockchain-based token format, used to back financial positions in markets.
- Derivatives markets: Markets where contracts derive value from underlying assets such as commodities, currencies, or cryptocurrencies.