CFTC collateral rule change could boost tokenized MMF
This week the Commodity Futures Trading Commission (CFTC) finalized a rule change for margin for uncleared swaps, which expands the range of money market funds (MMFs) that can be used as initial margin. MMFs were already eligible as collateral, provided they only invested in cash and government securities. However, the CFTC excluded MMFs that used…
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