El Salvador proposes a tokenised real estate sandbox to the US SEC
In a meeting with the SEC, El Salvador outlined a sandbox proposal for tokenised real estate and crowdfunding projects.
El Salvador has proposed a regulatory sandbox to the US Securities and Exchange Commission (SEC). The sandbox could allow US firms to test tokenised real estate projects within the country.
The idea was discussed during a meeting between El Salvador’s National Commission on Digital Assets (CNAD) and the SEC’s Crypto Task Force. The initiative aims to enable projects like tokenised land shares or SEC-approved crowdfunding for small companies. It could potentially unlock a trillion-dollar asset class.
The proposal builds on El Salvador’s history of embracing cryptocurrency. With Bitcoin as legal tender and innovative approaches like using volcanic energy for mining, the nation has become a hub for Bitcoin enthusiasts.
El Salvador has also accumulated a significant Bitcoin reserve, mirroring US President Donald Trump’s Strategic Bitcoin Reserve.
Collaboration with the SEC may solidify El Salvador’s role in the global crypto space. Meanwhile, Sandbox marks key step toward regulation.
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