SEC Crypto Working Group Meets Ondo Finance to Discuss Compliance with Token Issuance Securities Scheme

Odaily Planet Daily News: The US Securities and Exchange Commission has released a memorandum stating that representatives from Ondo Finance and Davis Polk&Wardwell LLP held talks with the SEC's Crypto Working Group to discuss compliance pathways for issuing and selling tokenized US securities. The conference topics include key issues such as the structural model of tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state company laws. Ondo Finance has proposed seeking regulatory sandboxes or other forms of regulatory exemptions to advance the issuance of its tokenized asset products. The purpose of this meeting is to provide a clear regulatory framework for tokenized securities in the US market.