CFTC Moves to Approve Tokenized Funds — Could This Transform the Financial World?

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The Commodity Futures Trading Commission (CFTC) is making moves toward tokenized funds, aiming to improve investor portfolio diversity and boost capital efficiency for fund managers. A subcommittee has recommended using Distributed Ledger Technology (DLT) to manage tokenized non-cash collateral. Major players like BlackRock and Franklin Templeton lead this initiative, using tokenized shares of money-market funds in trading. If approved, this could drive tokenized collateral adoption, with BlackRock’s BUIDL and Franklin Templeton’s FOBXX already dominating the tokenized U.S. treasuries space. McKinsey predicts tokenized market value could hit $2 trillion by 2030, fueled by broader financial adoption.