FDIC Plans Guidance on Tokenized Deposits, Stablecoin Applications

Nov 14, 2025

Tokenization and stablecoins continue to accelerate, with RWAs surpassing $24 billion.

The acting chair of the Federal Deposit Insurance Corporation (FDIC) is preparing new guidance for tokenized deposits and expects to introduce an application process for stablecoin issuers by the end of 2025.

Speaking at the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday, Acting FDIC Chair Travis Hill said the agency intends to clarify how deposit insurance applies when deposits are issued or represented on a blockchain.

Travis Hill Says Tokenized Deposits Should Keep Same Protections

Hill has previously expressed support for tokenization and reiterated his belief that the technological format should not change the underlying legal protections.

Interest in real-world asset tokenization has surged across Wall Street and global regulators this year.

Hill also revealed that the FDIC is working on a regulatory framework for stablecoin issuance, with a formal proposal for an application process expected before the end of 2025.

The regime stems from the agency’s responsibilities under the GENIUS Act, which directs US regulators to craft consistent rules for stablecoin oversight.

Tokenized Real-World Assets May Unlock $400T TradFi Market

In a recent research, Web3 digital property firm Animoca Brands said that tokenization of RWAs could unlock a $400 trillion traditional finance market.

Animoca researchers Andrew Ho and Ming Ruan said the global market for private credit, treasury debt, commodities, stocks, alternative funds, and bonds represents a vast runway for growth.

Meanwhile, according to the 2025 Skynet RWA Security Report, the market for tokenized RWAs could grow to $16 trillion by 2030.

Tokenized U.S. Treasuries alone are projected to reach $4.2 billion this year, with short-term government bonds driving most of the activity.

Sources >> FDIC Plans Guidance on Tokenized Deposits, Stablecoin Applications