El Salvador proposes cross-border crypto sandbox to SEC

The National Committee on Digital Assets of El Salvador, in collaboration with the American law firm Perkin, and the former partner of Goldman Sachs, Heather Shemilt, proposed a transboundary cryptographic sandbox to the American Commission of Securities and Exchange.

The initiative, disclosed in Dry crypto task force The meeting of Reunion on April 22 is designed to provide the SEC data and information in real time of the regulated activity of digital assets in Salvador.

The sandbox would allow us the Salvadoral regulators of In conjunction token small -scale tokenization projects Under the digital asset regime of El Salvador, which has evolved in the past five years.

CNAD has developed a complete risk matrix and a regulatory model thanks to live experiences in tokenization, in particular in real estate, and attracted global players.

Two pilot programs for the sandbox

The proposal includes two pilot programs. The first involves an American license broker acquire a limited digital asset license from CNAD to launch a real estate tokenization platform. Investors could buy fractional actions in a Salvadoral property, each scenario capped at $ 10,000 by exhibition.

The project aims to provide information on the protection of investors, the secondary trade in digital assets and the regulatory clarity concerning the classification of certain tokens as “non-security”.

The second scenario focuses on the lifting of token capital. A small company in the Salvador collected funds via capital in Tokenized, once again under the limit of $ 10,000. The objective is to assess the way tokenized offers compare to the American crowdfunding rules, potentially informing the future SECOND advice.

The team behind the proposal includes Erica Perkin, a lawyer trained in blockchain and CNAD advisor; Juan Carlos Reyes, president of CNAD; And Carmen Elena Ochoa of Medina, a former financial regulator working now in tokenization.

An American broker will be selected with dry entry to guarantee alignment with American compliance standards.

The sandbox aligns for five priorities described in Commissioner Hester Peirce Crypto policy statementIncluding cross -border collaboration, broker regulations, childcare standards and processing of parts and tokens.