Kraken discussed traditional asset tokenization with the SEC’s crypto-asset working group on August 25.

On August 25th, Eastern Time, the U.S. Securities and Exchange Commission (SEC) Cryptoasset Working Group met with representatives from Payward, Inc., Kraken Securities LLC, and Wilmer Cutler Pickering Hale and Dorr LLP to discuss cryptoasset regulation. The meeting focused on how innovative technologies can promote capital formation and market democratization. Kraken submitted a request for discussion on the tokenization of traditional assets and presented specific topics, including the architecture of tokenized trading systems, the transaction lifecycle, relevant legal and regulatory frameworks, and how to promote regulatory clarity to support innovation. Participants also discussed the potential benefits of tokenization, arguing that it can improve market access through technological means.