CME Group, the Chicago-based derivatives marketplace, is considering launching its own digital token as part of a broader strategy to explore the use of tokenized assets within financial markets. CEO Terry Duffy revealed this during the company's latest earnings call on February 4, 2026, while discussing the potential of tokenized collateral.
Duffy stated that the exchange is exploring the creation of a CME-issued coin that could operate on a decentralized network and be utilized by various industry participants. This initiative signals a possible move beyond tokenized cash. The CEO's remarks came in response to a question from Morgan Stanley analyst Michael Cyprys regarding CME's stance on tokenized collateral and whether assets like stablecoins, tokenized deposits, or tokenized money market funds could be accepted for margin purposes.
Duffy clarified that the exchange is reviewing multiple forms of margin but emphasized that acceptance would depend on the issuer and the asset's risk profile. He noted that tokens from systemically important institutions would be viewed more favorably.
In addition to the potential digital coin, CME Group is planning to roll out a tokenized cash initiative with Google later in 2026, facilitated by a depository bank. This product is designed as a regulated settlement and collateral tool rather than a speculative crypto asset. CME Group and Google Cloud have previously collaborated on a distributed ledger solution for tokenized assets, with the launch expected in 2026.
This move towards digital assets aligns with CME Group's ongoing expansion into the cryptocurrency space. The exchange is preparing to introduce near 24-hour trading for crypto futures, aligning its products more closely with the continuous nature of digital asset markets. Furthermore, CME Group has announced plans to add futures contracts tied to Cardano, Chainlink, and Stellar. These will be available starting February 9, 2026.
In 2025, CME's cryptocurrency futures trading saw record volumes, with a 92% year-over-year increase in Q4, reaching over $13 billion in daily volume. The exchange facilitated nearly $3 trillion in crypto trading in 2025, with momentum accelerating in the fourth quarter. Open interest increased by more than 100% as participants moved to regulated platforms.
CME Group's exploration of digital tokens and tokenized collateral reflects a broader trend among traditional financial institutions to modernize market infrastructure and improve efficiency. The exchange's focus remains on managing risk and ensuring that any digital asset initiatives align with its stringent risk standards.