U.S. Bank Regulators Align Capital Rules for Tokenized Securities on 6 March 2026

On 6 March 2026, the Federal Reserve, FDIC, and OCC jointly clarified that tokenized securities are subject to the same capital treatment as equivalent traditional instruments under U.S. banking rules. The guidance states that technology choices such as public or private blockchains do not alter capital requirements, while banks must still satisfy strict legal, operational, custody, and AML standards to use these assets as collateral. This move offers long-awaited clarity for institutions experimenting with blockchain-based issuance and settlement of assets like U.S. Treasuries.