FED Licensing and Disclosure Obligations for Digital Asset and Tokenised Custody Platforms

Corporations Amendment (Digital Assets Framework) Bill 2025

1 Apr 2026: Passed by Parliament and signed off by the governor.

This bill kicks in: TBA

House of Representatives

Senate

Assent

Links to official parliament websites

Official page: progress through parliament

Effects of this bill

If this bill passes, it means that:

Digital asset platform services are only financial services if provided by a corporation.
Consensus activities using public digital token infrastructure are not financial services.
The Minister can declare specific digital asset platforms to be financial markets; the Minister must first give the operator a chance to make submissions.
The Minister can exempt specific digital asset platforms from being treated as financial markets; the Minister must first give the operator a chance to make submissions.
ASIC, APRA, the Reserve Bank and AUSTRAC must advise the Minister on whether to make or change these market declarations.
AFSL licensees must follow asset-holding standards for these financial services.
Licensees must provide a DAP/TCP Guide so clients understand the platform and their asset rights.
Licensees must keep the platform's voting policy accurate and manage its administration.

Topics

consumer protection cryptocurrency digital assets financial services investment platforms tokenised assets