Basel III
Basel III Crypto Exposure Rules: How Banks Are Required to Hold Capital Against Crypto Assets
The Basel Committee on Banking Supervision's crypto asset capital framework — effective January 2025 — determines how much capital banks must hold against crypto exposures, with dramatic differences between tokenized traditional assets and unbacked crypto.
Policy Winners by Sector: Which Tokenization Businesses Benefit from Which Regulations
Different regulatory frameworks create different winners. MiCA benefits licensed CASPs. GENIUS Act benefits bank stablecoin issuers. Basel III benefits tokenized government bond platforms. Mapping policy outcomes to sector investment implications.