The Commodity Futures Trading Commission (CFTC) is rolling out a new initiative to explore the use of tokenized collateral, including stablecoins, in derivatives markets, Acting Chairman Caroline D. Pham announced Tuesday. CFTC pushes tokenized collateral to modernize derivatives marketsThe initiative is part of the CFTC’s great push to modernize capital markets and provide clear guidance for crypto firms. Specifically, it builds on the agency’s so-called “crypto sprint” to implement the President’s Working Group on Digital Asset Markets report recommendations. Likewise, the CFTC invites industry stakeholders to submit suggestions “on using tokenized collateral” in derivatives markets. “The public has spoken: tokenized markets are here, and they are the future,” Pham said.