Proposed Regulatory Framework for Fiat-Referenced Tokens

The FSRA proposed a dedicated regulatory framework for fiat-referenced tokens (stablecoins), covering issuance, reserve backing and redemption requirements. Firms dealing in or planning to issue fiat-referenced tokens in ADGM should review the proposals for future licensing and prudential impact.

What firms should do

Yes — review proposals and prepare for potential new FRT issuer/dealer licensing requirements

Regulator: Financial Services Regulatory Authority — ADGM
Type: Consultation Paper
Status: Consultation Closed
Published: 9 Sept 2025
Consultation closes: 6 Oct 2025
Reference: Consultation Paper No. 9 of 2025
Topic: Digital Assets
Impact: High

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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