Kraken met with SEC crypto task force to discuss tokenization
The meeting came as global regulators and traditional exchange associations have urged the SEC to crack down on tokenized stocks.
Crypto exchange Kraken met with the US Securities and Exchange Commission’s Crypto Task Force on Monday to discuss the tokenization of traditional assets and a tokenized trading system.
A memorandum filed on Monday noted that SEC staff met with four representatives of Payward, Inc., Kraken Securities LLC, and two from the law firm Wilmer Cutler Pickering Hales and Dorr LLP.
The agenda was to discuss the tokenized trading system, the regulatory framework and legal requirements for operating the system and the potential benefits of tokenization.