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U.S. Derivatives Giant CME Expands Blockchain Lineup with Tokenized Collateral

The Chicago Mercantile Exchange is already exploring tokenization with Google.
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Feb 4, 2026 • 1 min read

The Chicago Mercantile Exchange (CME), the world’s premier derivatives marketplace, is expanding its potential lineup of blockchain-based products, unveiling an in-house tokenized collateral solution to complement a "tokenized cash" partnership announced with Google last year.

What's the Scoop?

  • CME Token: During CME's latest earnings call, CEO Terry Duffy suggested the derivatives giant will launch a tokenized collateral solutions, confirming that his firm is exploring “initiatives with our own coin that we could potentially put on a decentralized network.” According to Duffy, the cash-like offering would appeal to holders seeking the backing of a systemically important financial institution.
  • Existing Partnership: In March 2025, CME Group and Google Cloud announced a partnership to explore tokenization on Google Cloud's "Universal Ledger." Digital asset settlement and clearing services are expected to go live on the network sometime this year.
Wall Street giant CME Group is eyeing its own ‘CME Coin,’ CEO says
The initiative is part of CME’s weighing on tokenized collateral, and the firm is collaborating with Google on a “tokenized cash” solution set to launch later this year.
CoinDeskFrancisco Rodrigues

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