Crypto platforms have until 27 November to respond
ASIC has opened consultation on how it plans to regulate digital asset platforms ahead of new laws that commence on 8 April 2027. Consultation Paper 392 was released on 15 October 2026, and comments are due by 27 November 2026.
Two new kinds of platform
The Corporations Amendment (Digital Assets Framework) Act 2026 brings two new products into the financial services regulatory framework. Digital asset platforms hold digital tokens on behalf of clients and provide associated platform services. Tokenised custody platforms are arrangements that record underlying assets held for clients as digital tokens.
What is in the consultation package
ASIC is proposing a new regulatory guide covering both platform types, along with three draft ASIC Corporations instruments. They cover asset-holding standards for both digital asset platforms and tokenised custody platforms, transactional and settlement standards for digital asset platforms, and financial requirements for operators of both. ASIC describes the attached standards as preliminary drafts.
A smoother path for firms already in the system
ASIC also proposes a streamlined licensing process for existing licensees that add digital asset platform or tokenised custody platform authorisations, and for applicants who sought authorisation after ASIC’s earlier guidance on digital assets (Information Sheet 225). The proposed guidance is aimed at platform operators and other businesses providing financial services for these products.
ASIC Commissioner Alan Kirkland said bringing these platforms into the regulatory framework means consumers can have greater confidence when trading digital assets.
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General information only, not legal advice. Check the official source before acting.
Source: ASIC media release 26-245MR and Consultation Paper 392. Licence: CC BY 4.0.
