# NFA adds filings for FCMs accepting digital assets as margin collateral

> NFA announced new filing obligations for futures commission merchants that accept non-securities digital assets as margin collateral.

- URL: https://riadefi.com/regulation/2025-12-22-nfa-fcm-digital-asset-margin-collateral-filings/
- Posture: Guidance
- Authorities: National Futures Association
- Event date: 2025-12-22
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

NFA announced new filing obligations for futures commission merchants that accept non-securities digital assets as margin collateral.

## Who it affects

- FCMs, derivatives customers, commodity pools, CTAs, investment advisers, and clients posting digital-asset collateral

## What is still open

- Firm implementation practices and any later amendments as CFTC collateral relief evolves

## What it means for an advisor

- Confirm FCM filing status and integrate digital-collateral eligibility, valuation, custody, liquidity, and disclosure controls into diligence.

## Sources

1. [NFA adds filings for FCMs accepting digital assets as margin collateral](https://www.nfa.futures.org/newsnotices/newsArticle.aspx?ArticleID=5780) · National Futures Association · 2025-12-22


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.