Ondo Finance Proposes Tokenization Framework to SEC
Ondo Finance recently engaged with the U.S. SEC’s Crypto Asset Working Group. the goal? To discuss a new way to tokenize U.S. securities. This meeting aimed to bridge customary finance with blockchain technology.
Lawyers from Davis Polk & Wardwell joined the discussion. They explored how current financial rules coudl work with blockchain-based securities. The team from Ondo Finance, including CEO Nathan Allman and Chief Strategy Officer Ian De Bode, presented thier ideas. They want to make it easier to use blockchain for public securities.
Key topics included registration, broker-dealer rules, market oversight, and state laws. Ondo Finance suggested ways to innovate while keeping investors safe. They proposed sandbox programs or relief measures.These could help new crypto projects comply with regulations.
Ondo Finance shared several models for tokenizing assets. Their plan could clear up legal uncertainties. This move could open doors for digital asset trading. The firm believes their approach can work within existing laws.
They talked about creating a compliant path for digital assets. The meeting focused on making sure these new assets fit into today’s financial system. The aim is to blend crypto with traditional finance.
One big challenge is making sure digital assets can be used safely.
Upcoming SEC Roundtable
On April 25, the SEC will host a crypto Task Force Roundtable in Washington, D.C. The event will focus on crypto custody issues.Two panel discussions will take place. One will cover custody through broker-dealers.The other will look at custody for investment advisers and companies.
Notable participants include representatives from Fireblocks, Anchorage, Kraken, BitGo, and law schools like Georgetown and UPenn.The event is open to the public. You can watch it online without registration. In-person attendance is also possible.
