FDIC Plans Guidance on Tokenized Deposits, Stablecoin Applications
The appearing chair of the Federal Deposit Insurance Corporation (FDIC) is making ready new steering for tokenized deposits and expects to introduce an utility course of for stablecoin issuers by the tip of 2025.
Key Takeaways:
- The FDIC plans to concern steering on tokenized deposits and introduce a stablecoin utility course of by late 2025.
- Acting Chair Travis Hill mentioned blockchain-based deposits ought to retain the identical authorized protections as conventional deposits.
- Tokenization and stablecoins proceed to speed up, with RWAs surpassing $24 billion.
Speaking on the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday, Acting FDIC Chair Travis Hill mentioned the company intends to make clear how deposit insurance coverage applies when deposits are issued or represented on a blockchain.
Travis Hill Says Tokenized Deposits Should Keep Same Protections
Hill has beforehand expressed help for tokenization and reiterated his perception that the technological format shouldn’t change the underlying authorized protections.
“My view for a very long time has been {that a} deposit is a deposit,” Hill mentioned, according to Bloomberg.
“Moving a deposit from a traditional-finance world to a blockchain or distributed-ledger world shouldn’t change the authorized nature of it.”
Interest in real-world asset tokenization has surged throughout Wall Street and international regulators this 12 months.
Excluding stablecoins, the worth of tokenized real-world property topped $24 billion within the first half of 2025, pushed largely by tokenized non-public credit score and US Treasurys, based on RedStone.
BlackRock has been one of the aggressive adopters, launching its tokenized cash market fund BUIDL in 2024, which rapidly turned a dominant product within the RWA sector.
Hill additionally revealed that the FDIC is working on a regulatory framework for stablecoin issuance, with a proper proposal for an utility course of anticipated earlier than the tip of 2025.
The regime stems from the agency’s responsibilities under the GENIUS Act, which directs US regulators to craft constant guidelines for stablecoin oversight.
While it stays unclear what number of establishments plan to hunt FDIC approval, Hill mentioned workers are creating requirements round capital necessities, reserve backing, and danger administration for banks in search of to concern FDIC-regulated stablecoins.
Stablecoins stay one of many fastest-growing segments of the digital asset market, with a mixed market capitalization of $305 billion as of Friday, per DefiLlama.
Tokenized Real-World Assets May Unlock $400T TradFi Market
In a current analysis, Web3 digital property agency Animoca Brands mentioned that tokenization of RWAs might unlock a $400 trillion traditional finance market.
Animoca researchers Andrew Ho and Ming Ruan mentioned the worldwide marketplace for non-public credit score, treasury debt, commodities, shares, different funds, and bonds represents an unlimited runway for progress.
“The estimated $400 trillion addressable TradFi market underscores the potential progress runway for RWA tokenization,” they wrote.
Meanwhile, based on the 2025 Skynet RWA Security Report, the marketplace for tokenized RWAs could grow to $16 trillion by 2030.
Tokenized U.S. Treasuries alone are projected to achieve $4.2 billion this 12 months, with short-term authorities bonds driving many of the exercise.
Institutional curiosity is accelerating, with main banks, asset managers, and blockchain-native corporations exploring tokenization for yield and liquidity administration.
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