Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Crypto Journalist
We are here
Crypto Journalist
We are here
share
The chairman of the Federal Deposit Insurance Corporation (FDIC) is preparing new guidelines for tokenized deposits and expects to introduce an application process for stablecoin issuers by the end of 2025.
Key tips:
- The FDIC plans to issue guidance on tokenized deposits and introduce a stablecoin application process by the end of 2025.
- Act chairman Travis Hill said blockchain-based deposits should retain the same legal protections as traditional deposits.
- Tokenization and stablecoins continue to accelerate, with RWA exceeding $24 billion.
Speaking at the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday, FDIC Chairman 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 retain the same protections
Hill has already expressed support for tokenization and reiterated his belief that the technological format should not change the underlying legal protections.
“My view for a long time has been that a deposit is a deposit,” said Hill, according to Bloomberg.
“Moving a deposit from a traditional finance world to a blockchain or distributed-ledger world should not change the legal nature of it.”
Interest in real-world asset tokenization has grown on Wall Street and global regulators this year.
Excluding stablecoins, the value of tokenized real-world assets reached $24 billion in the first half of 2025, driven largely by tokenized private credit and the US Treasury, according to RedStone.
BlackRock was one of the most aggressive adopters, launching its BUIDL tokenized money market fund in 2024, which quickly became a dominant product in the RWA sector.
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 was born from the and agency responsibilities under the GENIUS Actwhich directs US regulators to create consistent rules for stablecoin oversight.
While it’s unclear how many institutions plan to seek FDIC approval, Hill said staff is developing standards regarding capital requirements, reserve support and risk management for banks seeking to issue FDIC-regulated stablecoins.
Stablecoins remain one of the fastest growing segments of the digital asset market, with a combined market capitalization of $305 billion as of Friday, according to DefiLlama.
Tokenized real-world assets can unlock TradFi’s $400T market
In a recent research, digital property company Web3 Animoca Brands said that the tokenization of RWA could unlocks a $400 trillion traditional finance market
Animoca researchers, Andrew Ho and Ming Ruan, said that the global market for private credit, treasury debt, commodities, stocks, alternative funds and bonds represents a vast growth track.
“The estimated $400 trillion addressable TradFi market highlights the potential growth track for RWA tokenization,” they wrote.
Meanwhile, according to the 2025 Skynet RWA Security Report, the tokenized RWA market could grow to $16 trillion by 2030.
Tokenized US Treasuries alone are projected to reach $4.2 billion this year, with short-term government bonds driving most of the activity.
Institutional interest is accelerating, with major banks, asset managers, and blockchain-native companies exploring tokenization for performance and liquidity management.
