US CFTC Issues New Guidance: Commodity Companies Can Invest in Tokenized Assets and Use Blockchain for Record-Keeping
The U.S. Commodity Futures Trading Commission (CFTC) on Thursday issued new guidance clarifying that regulated commodity firms may invest in eligible tokenized assets and use blockchain technology as official transaction records. The guidance states that tokenized assets must ensure their legal and economic rights are identical or functionally equivalent to traditional forms of assets. Additionally, the CFTC indicated it does not object to recordkeeping entities using blockchain technology to create and maintain on-chain records to fulfill their recordkeeping obligations, including applications on public and permissioned blockchains.
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Source:CoinDesk · Source Link
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