The US SEC Crypto Working Group met with Ondo Finance to discuss compliant issuance of tokenized securities

the U.S. Securities and Exchange Commission issued a memorandum, which pointed out that representatives of Ondo Finance and Davis Polk Wardwell LLP met with the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group to discuss the compliance path for issuing and selling tokenized U.S. securities.

Topics of the meeting included the structural model of tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state corporate law. Ondo Finance proposed seeking regulatory sandbox or other forms of regulatory exemptions to promote the issuance of its tokenized asset products. The purpose of this meeting is to provide a clear regulatory framework for tokenized securities in the U.S. market.