EF 3331
Impact Cryptoassets are categorized into two groups: Group 1 cryptoassets, which include qualifying tokenized assets and stablecoins, will generally be subject to the existing Basel capital framework 4 5. This will encourage further activities in tokenized securities and stablecoins issued by supervised and regulated entities 3 5. Group 2 cryptoassets, which fail to meet the Group 1 conditions, will be subject to more conservative capital treatment, discouraging banks from lending backed by such assets or entering into derivatives 3 4. Capital Requirements Group 1 cryptoassets will be subject to at least equivalent capital as set out in the existing Basel Framework4. Unbacked cryptoassets and stablecoins with ineffective stabilization mechanisms will receive punitive capital treatment3. Tokenized securities will receive a capital treatment similar to conventional securities, albeit with possible infrastructure risk adjustments3. Other Key Impacts An infrastructure risk add-on can be activa
