<h4>Australia’s corporate regulator has moved to ease compliance requirements for parts of the digital asset market. In a new move, the regulator now offers new regulatory relief to support innovation in stablecoins and wrapped tokens.</h4>
The Australian Securities and Investments Commission (ASIC) said the measures will help intermediaries operating in the secondary distribution of certain digital assets. It would also work to maintain safeguards around custody and record-keeping.
<h5>Relief for Intermediaries and Custody Providers</h5>
Under the new framework, ASIC will not require intermediaries dealing with eligible stablecoins and wrapped tokens to hold separate Australian financial services licences, Australian market licences, or clearing and settlement facility licences for those activities.
<blockquote class="twitter-tweet">
 Australia just made stablecoins easier to use! 🇦🇺
 ASIC granted “class relief,” exempting intermediaries from holding multiple licenses for distributing certain stablecoins and wrapped tokens.
 This major regulatory easement slashes compliance costs and clears the path for… <a href="https://t.co/EXANFtsssc" rel="noopener noreferrer nofollow">pic.twitter.com/EXANFtsssc</a>
 — Conor Kenny (@conorfkenny) <a href="https://twitter.com/conorfkenny/status/1999056205092683818?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 11, 2025</a>
</blockquote>

ASIC also confirmed it will allow providers to hold digital assets that qualify as financial products in omnibus accounts. However, firms have to maintain appropriate record-keeping systems and reconciliation processes. This approach aligns digital asset custody more closely with established practices in traditional financial markets.
The regulator said these changes build on earlier stablecoin-related relief. They also reflect its intention to remove regulatory friction as Australia transitions toward updated digital asset and payments frameworks.
<h5>Guidance Linked to October Digital Asset Update</h5>
The relief was previously announced when ASIC released its updated digital asset guidance, INFO 225, in October. That update outlined how certain crypto assets could fall within the definition of financial products under existing law.
The latest measures formalize elements of that guidance, particularly around custody arrangements and licensing obligations, offering clearer expectations for firms operating in the sector.
<blockquote class="twitter-tweet">
 LATEST: 🇦🇺 Australia’s government has introduced a new bill to parliament that would subject crypto exchanges and custodians to the same licensing requirements and laws as traditional financial institutions. <a href="https://t.co/os2vrw6CQB" rel="noopener noreferrer nofollow">pic.twitter.com/os2vrw6CQB</a>
 — CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1994049861486866504?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2025</a>
</blockquote>

<h5>Industry Feedback Shapes Final Rules</h5>
ASIC’s decision follows consultation launched in late October through Simple Consultation 32, which sought feedback on proposed relief for stablecoins, wrapped tokens, and the extension of omnibus custody accounts.
Five non-confidential submissions were received, with most respondents supporting the proposals. Industry participants asked for clearer definitions and broader eligibility that better reflect international regulatory approaches.
In response, ASIC expanded the scope of eligible stablecoins and wrapped tokens to include those whose issuers have applied for a licence to issue a financial product. Additional clarification was also included in the accompanying explanatory statements.
<h5>Part of a Broader Digital Asset Transition</h5>
The class relief draws from Consultation Paper 381, which explored regulatory adjustments as Australia prepares for the government’s proposed digital asset platform and payment regimes.
The move places Australia alongside other jurisdictions that are gradually refining crypto rules, balancing oversight with flexibility as stablecoins and tokenized assets continue to gain traction in global financial systems.
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Australia Eases Rules for Stablecoins and Wrapped Tokens

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