Tokenization Report Act of 2024

HR 8464, the Tokenization Report Act of 2024, requires four federal financial regulators (the Federal Reserve, FDIC, Comptroller of the Currency, and NCUA) to jointly produce a report within 180 days of enactment. The report will examine blockchain-based tokenization of traditional assets, covering benefits, risks, differences between blockchain types, global regulations, and legal requirements. This procedural bill does not change existing rules but mandates a study to inform future policy decisions. It directly affects the specified federal agencies, requiring them to gather public input and analyze how tokenized assets impact settlement efficiency, risk, and regulatory frameworks.