The SEC's cryptocurrency working group meets with Ondo Finance to discuss compliant tokenized securities issuance plans

ChainCatcher News, the U.S. Securities and Exchange Commission released a memorandum indicating that representatives from Ondo Finance and Davis Polk & Wardwell LLP held discussions with the SEC's cryptocurrency working group to explore compliance pathways for the issuance and sale of tokenized U.S. securities.

The agenda included key issues such as the structural models of tokenized securities, registration and broker-dealer requirements, market structure regulations, financial crime compliance, and state corporate law. Ondo Finance proposed seeking a regulatory sandbox or other forms of regulatory exemption to advance the issuance of its tokenized asset products. The discussions aim to provide a clear regulatory framework for tokenized securities in the U.S. market.