Wall Street giant CME Group is eyeing its own 'CME Coin,' CEO says

CME Group CEO Terry Duffy revealed during an earnings call that the derivatives exchange is exploring initiatives involving its own proprietary coin that could potentially be placed on a decentralized network. This exploration is part of CME's broader push into tokenized collateral. Duffy indicated he would be more comfortable accepting tokens from systemically important financial institutions for margin. Separately, CME is collaborating with Google on a “tokenized cash” solution expected to launch later this year, involving a depository bank. While the CME declined to specify if the proposed "own coin" would be a stablecoin or settlement token, this marks the first explicit mention of a proprietary, CME-issued asset running on a decentralized network. This development follows CME's expansion into 24/7 crypto futures trading and comes as other giants like JPMorgan have already launched their own tokens.

(Source：CoinDesk)