CME Group is working with Google Cloud on a "tokenised cash" project.
The Block recently reported the project is targeting a 2026 launch and is seen as a move to expand the crypto collateral market.
Terrence Duffy (테렌스 더피), CME chairman and CEO, said it plans to develop its own coin for use on decentralised networks.
CME's tokenised cash project is expected to be similar to JPM Coin and play a role linking the existing financial system with the crypto market.
Duffy said it will closely review token issuers and risks to be accepted as collateral. He said tokens issued by systemically important financial institutions are likely to be acceptable, but it will not accept tokens from banks with low trust.
CME plans to work with Google Cloud to launch tokenised cash in 2026 and will also secure a separate depository institution to support it. It is also considering operating crypto futures and options trading around the clock. Duffy said demand for 24-hour trading in the crypto market is rising and it is preparing system changes to reflect that.
Chi-gyu Hwang
delight@d-today.co.kr