CME Group explores proprietary coin for tokenized collateral
Beincrypto reported that CME Group is exploring an “own coin” intended for tokenized margin and collateral rather than retail payments, and that CEO Terry Duffy said the firm is reviewing “initiatives with our own coin” that could operate on a decentralized network.
The discussion was framed around collateral and margin, with CME considering tokenizing margin to allow collateral to move on-chain in near real time and reduce reliance on traditional banking rails; the company is also reported to be working with Google on a “tokenized cash” solution.
Analysts note the move could matter more than most stablecoins because a CME coin would move risk inside global derivatives markets where CME clears trillions of dollars in exposure, making such a token central to price discovery and financial stability if it became eligible margin.