On April 24, the U.S. Securities and Exchange Commission (SEC) Crypto Assets Working Group released a meeting memorandum reporting on discussions between Ondo Finance and Davis Polk & Wardwell LLP representatives and the SEC Crypto Working Group. The meeting covered key issues including tokenized securities structural models, registration and broker-dealer requirements, market structure regulation, financial crime compliance, and state corporate law. Ondo Finance sought a regulatory sandbox or other regulatory exemptions to facilitate the issuance of its tokenized asset products. This discussion aimed to establish a clear regulatory framework for tokenized securities in the U.S. market.

PANews reported on April 24 that according to the meeting memorandum released by the U.S. Securities and Exchange Commission (SEC) Crypto Asset Task Force on April 24, Ondo Finance and representatives of Davis Polk &amp; Wardwell LLP held talks with the U.S. Securities and Exchange Commission (SEC) Crypto Working Group to discuss the compliance path for issuing and selling tokenized U.S. securities.
 The meeting topics included key issues such as the structural model of tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state corporate laws. Ondo Finance proposed seeking a regulatory sandbox or other forms of regulatory exemptions to advance the issuance of its tokenized asset products. The talks are aimed at providing a clear regulatory framework for tokenized securities in the U.S. market.

The U.S. SEC Discusses Compliant Issuance of Tokenized Securities with Ondo Finance