Golden Finance reported that as a group of financial companies voted to adopt guidelines for the use of BlackRock tokens, efforts to allow the use of money market fund token shares of Wall Street giants such as BlackRock and Franklin Templeton as trading collateral have taken a big step forward. According to two sources, a subcommittee of the U.S. Commodity Futures Trading Commission's CFTC Global Markets Advisory Committee voted on Tuesday to approve relevant recommendations to all members of the committee. These recommendations involve how registered companies can use distributed ledger technology to hold and transfer non-cash collateral. A CFTC spokesperson did not respond to a request for comment. If these recommendations are passed unanimously, the use of tokenization may increase, as many companies want to pledge tokenized collateral to improve capital efficiency.