The U.S. Securities and Exchange Commission (SEC) is teaming up with El Salvador’s National Digital Assets Commission (CNAD), former Goldman Sachs partner Heather Shemilt, and Perkin Law Firm to launch a cross-border crypto regulatory sandbox.
The initiative was discussed at a high-level meeting on April 22, marking a pivotal moment in global crypto oversight.
Dual-Pilot Program Targets Real Estate and Small Business Tokenization
The sandbox will include two real-world pilot scenarios:
- A U.S.-licensed brokerage firm testing real estate tokenization under El Salvador’s digital asset license.
- A small business raising up to $10,000 via tokenized stock issuance.
The program aims to increase regulatory agility, encourage innovation, and promote consumer protection through dual oversight from both nations.
El Salvador’s Regulatory Model Gains U.S. Interest
El Salvador, which has gained international attention for its crypto-forward policies and robust digital asset infrastructure, brings valuable real-world experience in tokenized debt, leases, and fractional ownership. The SEC hopes to use this partnership to inform future U.S. regulations, particularly in the emerging field of real estate tokenization.
By leveraging El Salvador’s sandbox success, the U.S. is exploring new ways to scale tokenization securely—setting the stage for broader crypto adoption within a structured legal framework.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-meets-up-with-el-salvador-to-work-on-cross-border-crypto-regulation/