🇦🇺 Live Crypto & Digital Assets

ASIC INFO 225 — Crypto-Assets as Financial Products

ASIC guidance on when crypto-assets qualify as financial products under Australian law, including regulatory obligations for issuers and service providers.

12

Rules extracted

182

Obligations decomposed

15.2x

Avg obligations per rule

🇦🇺 Australia

Jurisdiction

About this regulation

ASIC INFO 225 provides guidance on when crypto-assets (including crypto tokens, utility tokens, stablecoins, asset-referenced tokens, and tokenised assets) constitute financial products under the Corporations Act 2001 and ASIC Act 2001. Updated in October 2025 following CP 381 consultation, with 18 worked examples across five financial product categories. ASIC also issued a class no-action letter for transition to licensing until 30 June 2026. Key enforcement precedents include ASIC v Block Earner (managed investment scheme), ASIC v Bit Trade (design and distribution obligations), and ASIC v BPS Financial (Qoin — unlicensed conduct).

What AuditDSS covers

Source

1

Regulation

Extracted

12

Rules

Decomposed

182

Obligations

15.2x

Decomposition ratio

Each rule is decomposed into an average of 15.2 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 182 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in ASIC INFO 225 is scored across independent risk dimensions:

W

Obligation Weight

How critical within the regulatory framework

L

Violation Likelihood

How often breached in practice

E

Enforcement Evidence

Regulator enforcement history and penalties

C

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title
ASIC INFO 225 — Crypto-Assets as Financial Products
Regulatory body
Australian Securities and Investments Commission
Jurisdiction
🇦🇺 Australia
Document type
information-sheet
Effective date
October 29, 2025
Issuing authority
Australian Securities and Investments Commission (ASIC)
Official source
View source document ↗

Who this applies to

crypto-asset issuerscrypto exchangesDeFi protocol operatorstoken issuersstablecoin issuerscustodiansmarket makersfinancial advisers

Key requirements

  • financial product classification (MIS, derivative, NCP, security)
  • AFS licence for crypto financial products
  • design and distribution obligations
  • product disclosure statements
  • consumer protection
  • custody and segregation

Frequently asked questions about ASIC INFO 225

What is ASIC INFO 225?

ASIC INFO 225 provides guidance on when crypto-assets (including crypto tokens, utility tokens, stablecoins, asset-referenced tokens, and tokenised assets) constitute financial products under the Corporations Act 2001 and ASIC Act 2001. Updated in October 2025 following CP 381 consultation, with 18 worked examples across five financial product categories. ASIC also issued a class no-action letter for transition to licensing until 30 June 2026. Key enforcement precedents include ASIC v Block Earner (managed investment scheme), ASIC v Bit Trade (design and distribution obligations), and ASIC v BPS Financial (Qoin — unlicensed conduct).

Who does ASIC INFO 225 apply to?

ASIC INFO 225 applies to crypto-asset issuers, crypto exchanges, DeFi protocol operators, token issuers, stablecoin issuers, custodians, market makers, financial advisers.

How many obligations does ASIC INFO 225 contain?

AuditDSS has decomposed ASIC INFO 225 into 182 atomic obligations from 12 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of ASIC INFO 225?

The key requirements include: financial product classification (MIS, derivative, NCP, security), AFS licence for crypto financial products, design and distribution obligations, product disclosure statements, consumer protection, custody and segregation.

How can I assess my ASIC INFO 225 compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 182 ASIC INFO 225 obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces ASIC INFO 225?

ASIC INFO 225 is enforced in Australia by Australian Securities and Investments Commission.

When did ASIC INFO 225 come into effect?

ASIC INFO 225 became effective on October 29, 2025.

What industry does ASIC INFO 225 apply to?

ASIC INFO 225 is primarily relevant to the Crypto & Digital Assets industry. AuditDSS covers 80 regulations in this industry sector.

Build a ASIC INFO 225 compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for ASIC INFO 225 — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering ASIC INFO 225 requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine ASIC INFO 225 with other regulations into a single unified compliance pack for your business.

Already have a policy? Assess it against ASIC INFO 225

1

Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

2

AI maps against 182 obligations

Your document is scored against every obligation in ASIC INFO 225. Each claim is mapped to the obligation tree and evaluated for coverage.

3

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.

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Assess your ASIC INFO 225 compliance

Upload your document and get a risk-scored gap analysis against 182 ASIC INFO 225 obligations in under 5 minutes.