Nebraska Digital Asset Depository Regime

Nebraska’s Digital Asset Depository Regime is a state-level United States banking framework created by the Nebraska Financial Innovation Act, codified at Neb. Rev. Stat. §§ 8-3001 to 8-3031. The Act created a charter pathway for digital asset depository institutions and digital asset depository departments of existing financial institutions. Nebraska’s Department of Banking and Finance states that the law became effective on October 1, 2021 and that the Department administers and enforces the Act.

As of June 5, 2026, the regime is in force and has been amended several times, including LB 92 in 2023, LB 251 and LB 474 in 2025, and LB 717 in 2026. Nebraska’s governor’s office also announced on November 12, 2025 that the state issued a digital asset depository institution charter to Telcoin Digital Asset Bank.

What the Nebraska digital asset depository regime covers

The Act defines a digital asset depository around financial institutions that securely hold liquid assets when those assets are controllable electronic records. The framework covers both a separately chartered digital asset depository institution and a financial institution that receives authority to operate a digital asset depository department.

The director of the Nebraska Department of Banking and Finance has power to issue charters and general supervision and control over digital asset depositories. A depository may carry on nonlending digital asset banking business, provide payment services at a customer’s request, and apply to become a Federal Reserve member bank.

Chartering, offices, and operating limits

• Charter pathway: A corporation generally must obtain authority or a charter from the director before acting as a digital asset depository.
• Nebraska presence: The Act requires the main office and chief executive officer’s primary office to be in Nebraska, while allowing business with customers outside the state as authorized.
• Nonlending model: A digital asset depository institution may not accept demand deposits of U.S. currency accessible by check or similar means and generally may not make fiat consumer, mortgage, or commercial loans.
• CEFI and DeFi interaction: The statute allows facilitation of digital asset business services resulting from customer interaction with centralized finance or decentralized finance platforms, including exchange, staking, and controllable electronic record lending or borrowing.

Custody, stablecoins, customer protections, and AML controls

The Act requires customer criteria tied to anti-money laundering, customer identification, and beneficial ownership evidence. It also requires account disclosures in understandable language, including fee schedules, service terms, fork support, material risks, private key treatment, and other digital asset account information.

For stablecoins, the statute requires a digital asset depository to maintain unencumbered U.S. dollar-denominated liquid assets valued at not less than 100% of the stablecoins issued and outstanding. The authorized digital asset business activities include custody services, stablecoin issuance with reserve deposits at a qualifying FDIC-insured Nebraska-main-office financial institution, and use of independent node verification networks and stablecoins for payment activities.

Supervision, examination, and enforcement

The director may call for verified reports and the Department may examine a digital asset depository to determine its condition, resources, management, safety and prudence, and compliance with the Act. The statute also authorizes assessments, examination costs, required insurance or bonds, charter suspension, officer or director removal, rulemaking, and orders needed to administer the Act.

Status and timeline

Editors should classify the regime as an in-force Nebraska state banking and digital asset depository framework, with ongoing Department guidance, rulemaking, supervision, and charter activity to monitor.