US Banking Regulators Say Tokenized Securities Subject to Existing Capital Rules

US banks may hold and trade tokenized securities under current regulations, the Federal Reserve, FDIC, and OCC said in joint guidance. The agencies stated tokenized securities receive the same capital treatment as traditional securities, with technology used for issuance or trading not altering requirements. The rules apply to tokens issued on both permissioned and permissionless blockchains, and banks must maintain capital buffers against financial stress. The guidance follows recent SEC confirmation that tokenized securities remain subject to existing securities laws.