FDIC Considers New Guidance on Tokenized Deposits and Stablecoins

In a move that could reshape the future of digital finance, the US Federal Deposit Insurance Corporation (FDIC) is evaluating new guidance for banks on tokenized deposit insurance.

This initiative, as announced by acting FDIC Chair Travis Hill, told the Federal Reserve Bank of Philadelphia’s Fintech Conference on 13 November, reflects a growing interest in integrating blockchain-based assets into traditional banking systems while maintaining regulatory safeguards.

The total value of tokenized real-world assets — minus stablecoins — exceeded $24 billion in the first half of 2025, according to a report by RedStone, with private credit and US Treasurys making up the majority of this sum.

“My view for a long time has been that a deposit is a deposit. Moving a deposit from a traditional-finance world to a blockchain or distributed-ledger world shouldn’t change the legal nature of it,”  Hill said, as reported by Bloomberg.

He also hinted at an imminent regime for stablecoin issuance and said that a proposal for an application process would be issued by the end of this year, under the rules set out by the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) act that requires stablecoin issuers to maintain reserves and disclose their composition.

As digital assets continue to gain traction, regulatory clarity will be essential for banks to navigate this transformation responsibly and competitively. The FDIC’s proactive stance could set a precedent for global financial oversight in the age of tokenization.