ISDA SIM margin model reaches $1trn as tokenization and crypto loom

2nd October, 2026

Zak Jakubowski
O'Malia

Around $1 trillion (£756bn) of initial margin is now collected using ISDA’s Standard Initial Margin Model, as the derivatives industry considers how the framework will need to adapt to tokenisation, crypto and new markets.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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