The U.S. Commodity Futures Trading Commission (CFTC) has just officially announced a major move—the launch of a "Digital Asset Pilot Program." What does this mean? Simply put, it means that cryptocurrencies can now be used as collateral in regulated derivatives markets in the U.S.

Specifically, digital assets like Bitcoin, Ethereum, and USDC can now be tested as collateral (that is, margin or security) for derivatives trading. For institutions looking to operate crypto assets within the traditional financial framework, this opens up a new door. On the regulatory front, authorities are now formally bringing tokenized assets into the compliance system, suggesting that the line between traditional finance and Web3 is gradually blurring.