GMAC adopts recommendation to allow tokenized noncash collateral using distributed ledger technology
The CFTC's Global Markets Advisory Committee voted to adopt a digital-asset subcommittee recommendation allowing registrants to use distributed-ledger technology (DLT) for internal books-and-records and to accept eligible non-cash collateral in tokenized form under existing policies. The recommendation (27 yes, 0 no, 4 abstentions) will be submitted to the Commission for consideration.
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The Commodity Futures Trading Commission's Global Markets Advisory Committee on Wednesday adopted a recommendation from its digital-asset market subcommittee to expand the use of non-cash collateral through distributed ledger technology and will submit the recommendation to the Commission for consideration.
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