Australia has proposed a new regulation bill for crypto assets platforms, introducing the concepts of digital asset platforms and tokenization custody platforms.

CoinVoice has recently learned that the Australian Treasury and Department of Financial Services submitted the “2025 Company Law Amendment (Digital Asset Framework) Bill” to Parliament, establishing the country's first comprehensive regulatory framework for businesses that hold digital assets on behalf of clients. The bill introduces two new categories of financial products: digital asset platforms and tokenization custody platforms, both of which must obtain an Australian Financial Services License. Digital asset platforms cover facilities where operators hold clients' encryption assets and provide transaction functions such as transfers, buying and selling, or stake. Tokenization custody platforms handle real-world assets such as bonds, real estate, and commodities. The platforms must adhere to the custodial and settlement standards set by the Australian Securities and Investments Commission (ASIC). Platforms where each client holds assets of less than $5000 and has an annual volume of less than $10 million may be exempt from full licensing requirements. The Australian government stated that the bill could unlock $24 billion in annual productivity gains, and non-compliant companies will face fines of millions of dollars.