The FDIC, Federal Reserve, and OCC have jointly issued a FAQ document clarifying the regulatory treatment of tokenized securities under bank capital rules. The document states that tokenized securities, if meeting certain conditions, should generally be subject to the same capital requirements as their non-tokenized counterparts. It emphasizes that current capital rules are technology-neutral, meaning the technology used for issuing and trading securities, including distributed ledger technology, typically does not affect their capital treatment. Banks holding tokenized securities must still adhere to prudent risk management and comply with applicable legal and regulatory requirements.