Selig Pushes Tokenization as CFTC Aims to Modernize Markets

CFTC Chair Michael Selig has called for broader market tokenization and continuous trading. He believes blockchain infrastructure can alter trading, settlement, and collateral management across regulated markets.

Selig linked tokenization with stablecoins, on-chain finance, automated trading, and round-the-clock market access. His remarks also placed those technologies within existing CFTC work on collateral rules and market-hour extensions.

The agency already oversees derivatives markets tied closely to Treasury financing and risk management. Selig said regulators should adapt legacy frameworks so blockchain and artificial intelligence can operate at scale.