Overview

• The U.S. SEC and El Salvador’s National Commission on Digital Assets (CNAD) are discussing a regulatory sandbox to test tokenized asset models.
• Two pilot programs are proposed: real estate tokenization by a U.S.-licensed broker and a tokenized share crowdfunding model for small companies.
• The initiative aims to compare El Salvador’s streamlined regulatory approach with U.S. compliance standards while ensuring consumer protection.
• The sandbox could strengthen U.S.-El Salvador relations, promote global regulatory alignment, and explore the potential of tokenized assets.
• El Salvador continues its broader push to position itself as a digital asset hub under President Bukele, leveraging its Bitcoin adoption and crypto-friendly policies.