The U.S. CFTC has approved the use of blockchain technology to manage trading collateral in the derivatives market

ChainCatcher reported that according to Cointelegraph, according to a report released by the Global Market Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC) on November 21, the CFTC has approved the use of Blockchain technology to manage trading collateral in the U.S. derivatives market.

The report stated that blockchain technology (including distributed ledgers and tokenization) can solve the long-standing challenges of traditional derivatives exchanges and expand the types of assets that can be used for collateral transactions.