U.S. SEC Crypto Working Group Discusses Security Tokenization with Nasdaq, DeFi Startups

PANews reported on May 27 that according to CryptoSlate, the U.S. Securities and Exchange Commission (SEC) Crypto Working Group met with Nasdaq, Plume Network and Etherealize last week to focus on the regulatory framework for public chain securities tokenization. All three parties proposed to set up a “regulatory sandbox” pilot: Nasdaq suggested creating a new trading venue “ATS-Digital” to support the listing of digital asset contracts and commodity tokens; Plume Network (based on Arbitrum) advocated adapting decentralized financial terms to securities laws; Etherealize called for the revision of transfer agent rules to recognize the legitimacy of blockchain as a shareholder registration system. Industry representatives called for clear asset classification, modular rules and phased testing, but did not question the SEC’s investor protection principles. The working group will evaluate sandbox models, dedicated trading venues and rule update plans. Previously, SEC Commissioner Mark Uyeda has expressed support for the regulatory sandbox mechanism.