U.S. financial regulators have officially announced they will apply the same capital rules to tokenised securities as to traditional securities, Cointelegraph reported on Thursday. The Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency issued joint guidance and said they would assess tokenised securities from a technology-neutral perspective.
Under the guidance, tokenised securities are subject to the same capital rules as existing securities, and financial institutions holding them are not required to post excess collateral. The use of blockchain technology for trading does not affect capital assessment, and they can be recognised as financial collateral if liquidity and legal ownership are ensured. This means they have the same legal status as existing securities.
Derivatives that reference tokenised securities are also subject to the same capital rules as derivatives based on existing securities. Cointelegraph said this means blockchain-based trading can operate within existing financial market regulations.
Chi-gyu Hwang
delight@d-today.co.kr