# FASB advances accounting project for crypto transfers and wrapped tokens

> FASB began deliberations on a proposed accounting-standard update, tentatively voting to expand Subtopic 350-60 to certain wrapped and receipt tokens and to illustrate separate disclosure of significant wrapped-token holdings;

- URL: https://riadefi.com/regulation/2026-04-15-fasb-crypto-transfer-accounting-project/
- Posture: Proposal · not in effect
- Authorities: Financial Accounting Standards Board
- Event date: 2026-04-15
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: no

This entry records a proposal. It does not change the law unless it is adopted.

## What changed

FASB began deliberations on a proposed accounting-standard update, tentatively voting to expand Subtopic 350-60 to certain wrapped and receipt tokens and to illustrate separate disclosure of significant wrapped-token holdings; derecognition guidance for crypto transfer arrangements remains under development.

## Who it affects

- Public and private companies holding or transferring crypto assets
- accountants
- auditors
- investment advisers evaluating issuer financial statements

## What is still open

- The proposed text, comment period, final scope, transition, effective date, and future derecognition decisions

## What it means for an advisor

- Track the exposure draft and avoid treating tentative Board decisions as GAAP; identify issuers and advisory businesses whose accounting, disclosures, controls, or valuations may change.

## Sources

1. [FASB advances accounting project for crypto transfers and wrapped tokens](https://storage.fasb.org/Crypto2T-Minutes-20260415.pdf) · Financial Accounting Standards Board · 2026-04-15


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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.