The US Securities and Exchange Commission (SEC) is exploring a cross-border approach to digital asset oversight through early-stage discussions with El Salvador’s National Commission of Digital Assets (CNAD).
According to the meeting memo, the SEC is considering launching a regulatory sandbox to test tokenization models under real-world conditions.
The SEC highlighted CNAD’s success in managing diverse tokenization scenarios, ranging from debt instruments to fractional property ownership and leasing contracts. The agency believes analyzing real estate tokenization within this regulatory sandbox could generate key insights on scaling the market safely and effectively.
Tokenization pilot programs
The memo outlines two potential pilot programs allowing the SEC to gather hands-on data to refine its digital asset regulations.
These initiatives are also designed to lower the barrier to entry for smaller participants, with estimated costs capped at $10,000 per pilot.
The first pilot invol
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