CME Group explores launching its own coin as exchange deepens tokenization push
CME Group is exploring issuing its own digital coin and reviewing tokenized cash for margin as it expands its tokenization efforts.Summary
CME Group CEO Terry Duffy announced during the latest earnings call that the exchange is exploring the launch of its own digital coin, potentially running on a decentralized network for use by other industry participants. This exploration is part of a broader review of tokenized collateral, including tokenized cash, stablecoins, and tokenized money market funds for margin, though acceptance depends on the issuer's risk profile. Duffy confirmed CME plans to roll out a tokenized cash initiative with Google later this year, focusing on regulated settlement and collateral. This move aligns with CME's ongoing expansion in crypto, which includes preparing for near 24-hour trading for crypto futures and adding futures contracts for Cardano, Chainlink, and Stellar.
(Source：Crypto Briefing)