The U.S. Commodity Futures Trading Commission is rolling out a pilot program to test tokenized collateral in derivatives trading. Bitcoin, Ethereum, and USDC will serve as the initial digital assets accepted for margin requirements. This marks a significant step toward integrating crypto infrastructure into traditional finance frameworks, potentially bridging the gap between regulated derivatives markets and blockchain-based settlement systems. The move could reshape how institutional traders manage collateral, offering faster settlement times and enhanced capital efficiency compared to legacy systems.