CME Group Developing Tokenized Cash With Google for Crypto Collateral
Duffy described the topic as quite deep while noting CME is working on its own coin that could operate on a decentralized network for industry participants.
Bitcoin News
CME Group Chairman Terrence Duffy revealed the derivatives giant is building a tokenized cash product set to launch in 2026, developed in partnership with Google Cloud. The announcement came during the company’s Wednesday earnings call when a Morgan Stanley analyst asked about tokenized collateral initiatives.
Duffy described the topic as quite deep while noting CME is working on its own coin that could operate on a decentralized network for industry participants. The firm may be developing either a standalone CME-issued token or a tokenized cash product representing bank…
