El Salvador and U.S. Discuss Tokenized Real Estate Sandbox
- The El Salvador National Commission on Digital Assets (CNAD) may allow U.S. firms to experiment with tokenized real estate.
- A meeting between the SEC’s Crypto Task Force and CNAD focused on a regulatory sandbox proposal.
- The SEC expressed openness to testing grounds for tokenized assets, potentially involving small-scale real estate projects in El Salvador.
- Participants included CNAD President Juan Carlos Reyes and former Goldman Sachs partner Heather Shemilt.
- El Salvador has been stockpiling Bitcoin since 2021, holding $573 million worth of the cryptocurrency.
The discussion between CNAD and the SEC centered on creating a regulatory sandbox for U.S. firms to explore tokenized real estate in El Salvador, highlighting potential cross-border collaboration.
Source (2.6)https://decrypt.co/316186/bitcoin-friendly-el-salvador-pitches-tokenized-real-estate-sandbox-to-trumps-sec?rand=52368
