Ondo Finance met with the US Crypto Asset Working Group and presented a regulatory framework to represent publicly published US securities.
The meeting, which also attended by lawyers for Davis Polk & Wardwell, focused on how existing financial rules would be applied to packaged tokenized securities on the blockchain network, according to a memo from the SEC.
According to SEC documents, Ondo Finance (ONDO) raised issues related to registration, broker-dealer compliance, market regulations, and state laws, and outlined the proposed structure of tokenized securities.
The company also discussed potential sandbox arrangements or relief measures that could support innovation while maintaining investors’ protection.
Ondo’s leadership team, including CEO Nathan Allman and Chief Strategy Officer Ian De Bode, joined the legal advisor and argued for a compliant pathway that allows traditional digital representations of assets to operate within the US regulatory framework.
The proposal includes multiple models of how tokenization is structured and aims to address the legal uncertainty that has long challenged crypto asset publishers.
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Future Task Force Round Table
The SEC hosted one of the “Crypto Task Force Roundtables” in Washington, DC on April 25th, focusing on key considerations for Crypto Custody.
This event will feature two panel discussions. One is detained through a broker-dealer, and the other is investment advisor and custody of the investment company.
Panelists include representatives from companies such as Fireblocks, Anchorage, Kraken, Bitgo, and law schools such as Georgetown and Upenn. The event is open to the public without registration required to view online and in-person attendance is permitted.
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