The CFTC has given a nod to blockchain technology for managing trading collateral in US derivatives markets, according to a recent report. This move highlights blockchain's potential to tackle challenges in traditional exchanges and expand collateral asset options. Commissioner Caroline D. Pham emphasized the global success of asset tokenization and the need for regulatory clarity in the US. Blockchain could enable real-time, peer-to-peer asset transfers without intermediaries. Meanwhile, the DTCC is testing blockchain for trade settlements, signaling a shift towards embracing crypto as collateral.