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 & 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.