CME Group Considers Launching Its Own Digital Token
- CME Group is exploring the issuance of its own digital token, as stated by CEO Terry Duffy during an earnings call.
- The potential coin could operate on a decentralized network, expanding beyond tokenized cash.
- Acceptance of various forms of margin, including stablecoins and tokenized deposits, is under review.
- A tokenized cash initiative with Google is planned for later this year, focusing on regulated settlement rather than speculation.
- CME will introduce near 24-hour trading for crypto futures and add futures contracts linked to Cardano, Chainlink, and Stellar.
CME Group is considering launching its own digital token to enhance its crypto offerings. The company plans to collaborate with Google on a tokenized cash initiative and expand trading hours for crypto futures. Additionally, futures contracts tied to Cardano and Chainlink are in the works.
Source (3.2)https://cryptobriefing.com/cme-proprietary-token-exploration/?rand=59535
