CFTC staff have stated that futures brokers and clearinghouses may invest customer funds in tokenized versions of assets they are already permitted to hold. The guidance allows firms to utilize blockchain-based representations of traditional assets within existing regulatory frameworks for customer fund management.
This permission is contingent on the tokens carrying the same or functionally equivalent rights as the underlying original assets. Firms must also satisfy additional unspecified conditions to ensure compliance when integrating tokenized instruments into their customer fund investment strategies.
CFTC Staff Clears Tokenized Assets for Customer Fund Investments
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