CME Group, the largest derivatives trading marketplace in the world, is looking at launching its own crypto token.
During the company’s earnings call today, Chairman and CEO Terrence Duffy discussed the role of tokenized collateral and the importance of collateral integrity, with 24/7 crypto futures trading confirmed to be coming to CME soon.
“Right now, we are looking at different forms of margin, but we are not going to put the enterprise at risk by taking something that we cannot get our arms around on a token. So if you were to give me a token from a systemically important financial institution, I would probably be more comfortable than maybe a third or fourth-tier bank trying to issue a token for margin,” he said.
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