The Federal Deposit Insurance Corporation (FDIC) is developing new guidelines for tokenized deposits. It also intends to have a stablecoin issuer application process that should be launched by the end of 2025.
The current FDIC Chair, Travis Hill, presented these plans at the Fintech Conference of the Federal Reserve Bank of Philadelphia. He said that the FDIC seeks to clarify the way the deposit insurance operates in cases of deposits being issued or represented on blockchain systems.
According to Hill, the tokenized deposits must be afforded equal protection as the traditional deposits. He has stressed that a deposit should not become legal when it gets on a blockchain or other distributed ledger.
Hill said, according to a report by Bloomberg, that I have always felt that a deposit is a deposit. In his opinion, the legal status of a deposit should not be influenced by the approach to storage, traditional finance, or blockchain.
FDIC to issue stablecoin framework by 2025
This year has seen a boom in interest in real-world asset (RWA) tokenization. The growth has been driven by tokenized private credit and US Treasuries, with the value of the tokenized RWAs reaching $24 billion in the first half of 2025, according to RedStone.
BlackRock is one of the drivers, having introduced its tokenized money market fund, BUIDL, in 2024. The fund soon turned into a leading product in the RWA area, indicating the increasing institutional interest in tokenization.
The FDIC is also in the process of developing a regulatory structure for issuing stablecoins. Hill announced that the FDIC will present formal proposals to accept applications from stablecoin issuers by 2025.
This structure will be consistent with the GENIUS Act: the laws of the US will have to establish uniform principles of stablecoin regulation. The FDIC is also coming up with capital requirements, reserve support, and risk management standards against banks that would like to issue FDIC-regulated stablecoins.
Stablecoin market hits $305 billion, boosting RWA growth
Stablecoins are a rapidly expanding market in the digital asset market. This week, the market value of stablecoins was at $305 billion, as per DefiLlama.
Animoca Brands has estimated that tokenizing RWAs would open a $400 trillion market. This incorporates the personal credit and the treasury credit as well as other commodities. This is a huge potential expansion of traditional finance using blockchain technology.
The tokenized RWAs market will probably expand considerably in the nearest future. According to a report, it is predicted that the market will be up to $16 trillion in 2030, and tokenized US Treasuries alone are estimated to reach $4.2 billion this year alone.
The institutional interest in tokenization is being stipulated by major banks, asset managers, and blockchain-native firms. With the further expansion of tokenized assets, they provide new opportunities in liquidity management and yield generation in the financial sphere.