U.S. banking agencies say capital should be same for standard or tokenized securities

The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. issued guidance stating that the technology used to issue or transact in a security does not affect its capital treatment. Banks must maintain the same amount of capital to back tokenized securities as they do for traditional securities, ensuring that crypto-linked assets do not face more stringent requirements. Furthermore, the agencies clarified that the legal rights and collateral treatment (subject to the same haircuts) for tokenized assets should mirror those of their non-tokenized counterparts, regardless of whether they are issued on permissioned or permissionless blockchains. This technology-neutral approach extends to derivatives referencing tokenized securities, advancing the integration of tokenization into U.S. banking.

(Source：CoinDesk)