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Federal Reserve clarifies capital treatment for tokenized securities

Capital teams must include tokenized securities in capital calculations

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Federal Reserve clarified banks must include tokenized securities in risk-based capital calculations under existing capital rules.
Why it matters
Federal Reserve set expectations for banks' capital treatment of tokenized securities. Regulators aligned guidance to produce a unified supervisory stance on capital treatment.
Implications
  • Capital-modelling teams must update models now to incorporate tokenized securities or face supervisory remediation for misstated capital.

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