Australia’s securities regulator has finalized new exemptions that simplify the distribution of stablecoins and wrapped tokens for businesses.
On Tuesday, the Australian Securities and Investments Commission (ASIC) announced the measures, which aim to encourage innovation and growth in the digital assets and payments sectors. The regulator said it is “granting class relief” for intermediaries involved in the secondary distribution of certain stablecoins and wrapped tokens.
Under the new rules, companies no longer need separate—and often costly—licenses to operate as intermediaries in these markets. They can now use “omnibus accounts” with proper record-keeping, streamlining operations and reducing regulatory burden. The exemptions expand on previous stablecoin relief by removing the requirement for intermediaries to hold separate Australian Financial Services (AFS) licenses when providing services related to stablecoins or wrapped tokens.
Leveling the playing field for stablecoin issuers
ASIC noted that omnibus account structures are widely used in the industry, offering efficiency in speed and transaction costs while helping firms manage risk and cybersecurity.
“ASIC’s announcement helps level the playing field for stablecoin innovation in Australia,” said Drew Bradford, CEO of Australian stablecoin issuer Macropod. “By giving both new and established players a clearer, more flexible framework—especially around reserve and asset-management requirements—it removes friction and gives the sector confidence to build.”
Previously, licensing requirements were costly and created compliance challenges, particularly for an industry awaiting broader digital asset reforms. Bradford added, “This kind of measured clarity is essential for scaling real-world use cases, including payments, treasury management, cross-border flows, and onchain settlement.”
“It signals that Australia intends to be competitive globally, while still maintaining the regulatory guardrails that institutions and consumers expect.”
Angela Ang, head of policy and strategic partnerships at TRM Labs, also praised the move, saying, “Things are looking up for Australia. We look forward to digital asset regulations becoming clearer in the coming year, which will provide greater certainty for the sector and drive growth and innovation.”
Global stablecoin market hits record highs
The total stablecoin market capitalization has reached a record $300 billion, according to RWA.xyz, marking a 48% increase since the start of the year. Tether continues to lead the market, holding a 63% share.
