Australia’s markets regulator is sharpening its approach to digital assets, expanding how financial laws apply to tokens, custody and stablecoins as it prepares to introduce a new licensing regime.

The Australian Securities and Investments Commission (ASIC) this week detailed expectations for the industry, saying that many digital assets already meet the definition of financial products under the Corporations Act 2001.

The updated interpretation appears in ASIC’s proposed revision to Information Sheet 225, which broadens its scope from “crypto assets” to “digital assets” and introduces 13 practical examples explaining when tokens, staking programs and tokenized products require financial services licenses.

The regulator’s move comes as the Treasury finalizes its Digital Asset Platforms and Payment Service Providers bills, which will introduce formal licensing for exchanges, custodians and certain stablecoin issuers. ASIC’s latest guidance effectively prepares the ground for those laws by emphasizing that most crypto-related activity is already captured under the curre

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Author: Jamie Crawley