The Commodity Futures Trading Commission’s Market Participants Division issued a no-action position to Phantom Technologies Inc. covering its proposed provision and marketing of self-custodial crypto asset wallet software that facilitates users’ trading with registered futures commission merchants, introducing brokers, and designated contract markets. Subject to specified conditions, the division stated it will not recommend the Commission take enforcement action against Phantom or relevant personnel for failing to register as an introducing broker or as an associated person of an introducing broker solely in connection with these activities.
Commodity Futures Trading Commission2026-03-17
Commodity Futures Trading Commission issues no-action relief for Phantom Technologies to market self-custodial wallet software for futures trading access without introducing broker registration
The Commodity Futures Trading Commission’s Market Participants Division issued a no-action position to Phantom Technologies Inc. regarding its self-custodial crypto asset wallet software. This position, subject to conditions, means the division will not recommend enforcement action against Phantom for not registering as an introducing broker or associated person in connection with these activities.