The Securities Exchange Commission released a memo stating that Ondo Finance and representatives from Davis Polk & Wardwell LLP met with the Securities Exchange Commission (SEC) Crypto Working Group to discuss a compliance path for the issuance and sale of tokenized U.S. securities. Topics include structural models for tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state corporate laws. Ondo Finance has proposed seeking regulatory sandboxes or other forms of regulatory exemptions to facilitate the issuance of its tokenized asset products. The talks aim to provide a clear regulatory framework for tokenized securities in the US market.