TLDR:
- Kraken met the SEC’s Crypto Task Force to pitch tokenized trading systems for U.S. financial markets.
- Discussions covered legal frameworks, capital formation, and market access tied to tokenization proposals.
- Representatives explained how tokenized trading systems could function under U.S. securities laws.
- Meeting attendees included Kraken executives and WilmerHale attorneys presenting regulatory recommendations.
Kraken wants tokenization on Wall Street’s table. The exchange has been pressing regulators to discuss how crypto technology can reshape traditional finance. This week, it took that push directly to Washington.
A memorandum shows Kraken executives met with the SEC’s Crypto Task Force to discuss a roadmap for tokenized trading. The talks centered on how tokenization might fit into existing law while opening new paths for investors.
Kraken Presents Tokenized Trading Proposal to SEC
According to a memorandum filed on August 25, 2025, staff from the SEC’s Crypto Task Force sat down with representatives from Kraken. The exchange, along with its securities arm and legal advisors at WilmerHale, laid out an agenda focused on tokenizing traditional financial assets.
The proposal introduced the idea of a tokenized trading system. Kraken representatives described how the system’s architecture could support asset lifecycles and transaction flows in a regulated environment.
They argued tokenization could improve capital formation and expand access to markets currently restricted by traditional structures.
Kraken’s team asked the SEC to explore how existing securities laws might apply. They also sought clarity on what adjustments could allow a tokenized platform to operate legally in the U.S. Their position emphasized that regulatory clarity would help avoid confusion for both businesses and investors.
The memorandum listed attendees, including Mark Greenberg, Kraken’s Head of Consumer, and Jonathan Jachym, the firm’s Global Head of Policy and Government Relations. Senior counsel and regulatory policy managers joined them, supported by WilmerHale attorneys Jeremy Moorehouse and Reid Carroll.
SEC Meeting Covers Legal and Market Access Questions
The proposed agenda submitted to the SEC highlighted three focus points: the structure of the trading system, applicable legal frameworks, and the benefits of tokenization. Discussions also examined provisions under federal securities laws and how the commission could guide innovation without loosening oversight.
Kraken’s document described tokenization as a technological shift capable of widening market access. It suggested that token-based systems could reduce barriers for smaller investors while still operating under regulated oversight. The push reflects growing interest among exchanges to tie digital asset models directly to traditional finance.
The SEC's Crypto Task Force has met Kraken execs to talk about the tokenization of TradFi assets, along with a proposal of a tokenized trading system for tokenized assets, and which regulatory frameworks will work best within the US for such a platform. $LINK $ONDO $XLM $XRP pic.twitter.com/cwavwER2cC
— ALLINCRYPTO (@RealAllinCrypto) August 26, 2025
Crypto news tracker AllinCrypto flagged the memorandum, noting Kraken’s direct request for dialogue on tokenization. The report confirmed that the firm’s executives want to position the exchange as an active voice in shaping how U.S. regulators handle tokenized finance.
By focusing on frameworks and not just technology, the discussions signaled a shift in how exchanges are approaching Washington. For Kraken, the meeting was an attempt to align innovation with regulation instead of treating them as separate battles.
The post Kraken Pushes SEC for Green Light on Tokenized Trading Systems appeared first on Blockonomi.
Source: https://blockonomi.com/kraken-pushes-sec-for-green-light-on-tokenized-trading-systems/