Tokenized Money Market Funds Gain Approval For Trading

According to Odaily, companies like BlackRock and Franklin Templeton may soon see their tokenized money market fund shares being used for trading. This development follows the approval of guidelines for the use of tokenized money market funds by a key group supported by the U.S. Commodity Futures Trading Commission (CFTC). Sources indicate that a subcommittee of the CFTC's Global Markets Advisory Committee voted to submit these recommendations to the full committee. The full committee is expected to vote on these recommendations later this year. While the report did not disclose specific recommendations, the act of sending the suggestions to the full committee is seen as a significant step forward.