The SEC Crypto Working Group Meets with Ondo Finance to Discuss Compliant Tokenized Securities Issuance Scheme

BlockBeats News, April 24th, the U.S. Securities and Exchange Commission issued a memorandum, which pointed out that Ondo Finance, represented by Davis Polk & Wardwell LLP, met with the U.S. Securities and Exchange Commission (SEC) Crypto Asset Working Group to discuss the compliance path for issuing and selling tokenized U.S. securities. The meeting topics included the structural model of tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state corporate law issues. Ondo Finance proposed seeking a regulatory sandbox or other form of regulatory exemption to advance the issuance of its tokenized asset products. The purpose of this meeting was to provide a clear regulatory framework for tokenized securities in the U.S. market.