ASIC publishes roadmap for digital assets framework reform implementation

[20 April 2026]: With the foundational DAF Act 2026 having passed Parliament and received Royal Assent on 1 and 8 April 2026 respectively, ASIC has released an 18-month roadmap for implementing the new regime.

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Key points: What you need to know

• On 20 April 2026, ASIC released an 18-month roadmap for implementing the new DAF Act 2026 regime.

  
  

• This Gen Advisory article highlights Roadmap's key activities and milestones.

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Background

The landmark Corporations Amendment (Digital Assets Framework) Act 2026 ("DAF Act 2026") passed Parliament and received Royal Asset on 1 and 8 April 2026 respectively. The Act will come into effect on 9 April 2027.

On 20 April 2026, ASIC released its roadmap for implementing the new DAF regime - including operationalising a licensing and regulatory framework for Digital Asset Platform (DAP) and Tokenised Custody Platform (TCP) operators.

Key activities and milestones under the Roadmap

• Months 1 to 6: Will see: stakeholder roundtables and discussions; the establishment of an industry advisory group; and consultation on regulatory guidance and operational standards. The ASIC Information Sheet INFO 225 class no-action position will expire on 30 June 2026, requiring digital asset businesses to comply with existing licensing requirements.

  
  

• Months 6 to 12: Will see the release of a new Regulatory Guide for DAPs and TCPs well as  setting of standards covering: asset holding; transaction and settlement; and financial requirements.

  
  

• Months 12 to 18: DAP and TCP operators will be able to lodge AFSL applications and operate under regulatory relief until their applications are assessed.

  
  

• Month 18 onwards: Will see full implementation of the new regime, including ASIC supervision and enforcement.

Next Steps

Gen Advisory will continue to monitor the above initiatives closely throughout the implementation period and keep our clients abreast of developments.

Note: This article is of a general nature and not intended to address the objectives, financial situation or needs of any particular individual or entity. It is provided for information purposes only and does not constitute professional or legal advice.

Should you have any questions regarding the ASIC Roadmap, TCAP/DAP reforms or INFO 225, please reach out to Michael Lukman (michael.lukman@gnad.com.au) and Clement Fernandez  (clement.fernandez@gnad.com.au),