U.S. regulators are conducting tokenization pilots, using stablecoins as collateral

PANews February 8th news, according to CoinDesk, Caroline Pham, acting head of the U.S. Commodity Futures Trading Commission, is promoting a tokenization pilot program supported by stablecoins. An upcoming summit will invite Coinbase, Ripple, and Circle. Executives from Crypto.com and other digital asset companies participated. The specific date and further details of the Digital Asset CEO Forum have not been determined yet. Last November, Fan proposed the idea of ​​a tokenized regulatory sandbox through his advisory committee, the Global Markets Advisory Committee, but the agency's former leadership did not adopt it.

Acting Chairman Pham said in a statement Friday: "I am pleased to announce this groundbreaking move to the U.S. digital asset market. I look forward to working with market participants to deliver on the Trump administration's ability to ensure the U.S. leads in economic opportunities." Global Commitment.” According to the agency, this plan, based on what Fan calls “responsible innovation” philosophy, will drive the use of non-cash collateral through distributed ledger technology.

Pham's advisory committee had expected to allow market participants to try non-traditional collateral in its recommendation last November. "By improving the operating infrastructure of assets that already qualify for regulatory margins, blockchain or other distributed ledger technologies (DLTs) can help reduce or eliminate some of the challenges without changing collateral eligibility rules. Market participation Those can also use their existing policies, procedures, practices and processes to identify, evaluate and manage risks of using DLT, as they do with other forms of market infrastructure and technology.”