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CME Group Developing Tokenized Cash With Google for Crypto Collateral

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…

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