CME Group explores a proprietary 'CME Coin' as it advances tokenization

CME Group is exploring the launch of a proprietary digital token — informally described as a potential “CME Coin” — as part of a broader push into tokenized collateral, and the firm is collaborating with Google on a “tokenized cash” solution slated to launch later this year ^[1][3].

During its fourth-quarter 2025 earnings call, Chairman and CEO Terrence Duffy addressed the role of tokenized collateral and the importance of collateral integrity; the company also confirmed that 24/7 crypto futures trading is coming to CME soon. Reports indicate the exchange is evaluating options that could include issuing a digital coin on a decentralized network ^[2][4].

CME framed the initiative as exploratory and said it is reviewing different forms of margin and collateral while evaluating how tokenization could improve settlement and efficiency; specific details about issuance, settlement mechanics, or use for margin have not been finalized ^[2][1][3].

The moves mark a deeper push into tokenization for the exchange — with a tokenized-cash product expected this year — and further decisions will depend on CME’s review of collateral integrity and margin frameworks ^[1][2].