On Tuesday, a subcommittee of the Commodity Futures Trading Commission (CFTC) approved guidelines for the use of tokenized shares of money market funds.

The guidelines have been forwarded to the full CFTC committee, which will make a decision later this year.

BlackRock and Franklin Templeton may begin trading tokenized shares of their funds.

The CFTC did not respond to CoinDesk's request for comment.