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

*Author: Jack Inabinet*
*Published: Feb 4, 2026*
*Source: https://www.bankless.com/u-s-derivatives-giant-cme-expands-blockchain-lineup-with-tokenized-collateral*

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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](https://www.coindesk.com/business/2025/03/25/derivatives-trading-giant-cme-group-to-test-tokenization-with-google-cloud) with Google last year.

### What's the Scoop?
- **CME Token:** During CME's latest [earnings call](https://seekingalpha.com/article/4865794-cme-group-inc-cme-q4-2025-earnings-call-transcript), 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](https://www.coindesk.com/business/2025/03/25/derivatives-trading-giant-cme-group-to-test-tokenization-with-google-cloud) 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 saysThe 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.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-180x180-2.png)CoinDeskFrancisco Rodrigues![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/12d788fa335fbafb0d8577699d1ee3e96edf80d5-4073x2715.jpg)](https://www.coindesk.com/business/2026/02/04/wall-street-giant-cme-group-is-eyeing-its-own-cme-coin-ceo-says)