According to Odaily, the U.S. Securities and Exchange Commission (SEC) has released a memorandum detailing a meeting between representatives from Ondo Finance, Davis Polk & Wardwell LLP, and the SEC's crypto task force. The discussion focused on establishing a compliance pathway for the issuance and sale of tokenized U.S. securities.
Key topics addressed during the meeting included the structural model of tokenized securities, registration and broker-dealer requirements, market structure regulations, financial crime compliance, and state corporate laws. Ondo Finance expressed interest in seeking a regulatory sandbox or other forms of regulatory exemptions to advance the issuance of its tokenized asset products.
The meeting aimed to provide a clear regulatory framework for tokenized securities in the U.S. market.
