On April 24, Ondo Finance and legal representatives from Davis Polk & Wardwell met with the SEC's Crypto Task Force to discuss regulatory pathways for tokenized U.S. securities. The meeting, detailed in a memorandum reviewed by agency staff, explored structuring options for issuing tokenized securities referencing assets like U.S. equities and fixed-income instruments.
Ondo's presentation addressed regulatory challenges, including registration, broker-dealer obligations, and financial crimes compliance. They proposed compliant issuance and distribution approaches, exploring regulatory sandbox participation. The SEC also hosted a roundtable on April 25 focusing on crypto custody.
Ondo manages over $1 billion in tokenized products, representing a significant portion of the tokenized U.S. Treasuries market. This meeting reflects ongoing industry efforts to clarify regulatory guidelines for digital assets. Bitcoin is currently trading at $93,367.42 and Ethereum at $1,760.96.