Wu said that the FDIC, Federal Reserve, and OCC jointly issued a FAQ document clarifying the regulatory treatment of tokenized securities under bank capital rules. The document states that, if certain conditions are met, tokenized securities should generally be subject to the same capital regulatory requirements as their non-tokenized counterparts, and emphasizes that current capital rules are technology-neutral. The technology used for issuing and trading securities (including distributed ledgers) generally does not affect their capital treatment. At the same time, banks holding tokenized securities must continue to follow prudent risk management practices and comply with applicable laws and regulations.