๐ BREAKING: At Ripple Swell, CME Group CEO Terry Duffy says the world's leading derivatives marketplace intends to participate in Canton Network.
"The banks seem to like the Canton network, so we will participate in that as well."
Asked about stablecoins, tokenized deposits, and tokenized money market funds as collateral, Duffy outlined CME's plans:
โข Tokenized cash with Google.
โข A CME-issued stablecoin on decentralized infrastructure, potentially Canton.
โข Willingness to accept JPMorgan-issued tokens as collateral.
For context, CME Group:
โข Reports approximately $311 billion in average customer collateral balances.
โข Processes over $1.1 trillion in average daily trading notional through BrokerTec.
$CC $XRP $RLUSD