# Banking agencies clarify capital treatment of tokenized securities

> The federal banking agencies clarified that tokenization does not by itself change the regulatory-capital treatment of a security; banks must analyze the underlying exposure and applicable capital rules while managing tokenization-specific risks.

- URL: https://riadefi.com/regulation/2026-03-05-bank-capital-treatment-tokenized-securities/
- Posture: Guidance
- Authorities: Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Office of the Comptroller of the Currency
- Event date: 2026-03-05
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

The federal banking agencies clarified that tokenization does not by itself change the regulatory-capital treatment of a security; banks must analyze the underlying exposure and applicable capital rules while managing tokenization-specific risks.

## Who it affects

- Banks holding or servicing tokenized securities, investment advisers, funds, broker-dealers, and clients

## What is still open

- Application to particular token structures, settlement arrangements, and operational-risk profiles

## What it means for an advisor

- Do not assume tokenization changes an instrument’s prudential classification; document underlying exposure, custody, settlement, technology, and counterparty risks.

## Sources

1. [Banking agencies clarify capital treatment of tokenized securities](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260305a.htm) · Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Office of the Comptroller of the Currency · 2026-03-05


---

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