Tokenization is moving into the heart of traditional finance. This week regulators, banks, and market leaders launched new initiatives, from the CFTC’s tokenized collateral program to a euro-denominated stablecoin backed by nine European banks. This week's highlights. 👇 1️⃣ CFTC launches tokenized collateral and stablecoins initiative. Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced a new CFTC initiative to enable the use of tokenized collateral, including stablecoins, in derivatives markets. The program is part of the agency’s “crypto sprint” to implement recommendations from the President’s Working Group on Digital Asset Markets. 2️⃣ Nine European banks join forces to issue euro stablecoin. ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International have joined forces to launch a MiCAR-compliant euro-denominated stablecoin. Expected to launch in H2 2026. 3️⃣ Tether seeks funding at $500B...
31.69K
813
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.