The Australian Securities and Investments Commission (ASIC) has announced an extension of the transition period for digital asset companies under the new licensing framework until September 30, 2026. During this period, digital asset firms providing financial services can continue to apply for or modify their Australian Financial Services (AFS) licenses. The extension also introduces a new operational model allowing companies to operate as authorized representatives or intermediaries under an AFS license holder. This extension applies to entities requiring market or clearing and settlement (CS) licenses, which must notify ASIC in writing of their application intentions and engage in pre-application discussions. Since the update of INFO 225 guidelines in October 2025, ASIC has received approximately 30 license applications from digital asset companies.