Asia Web3 Alliance proposes US-Japan collaboration on tokenization

Asia Web3 Alliance Japan submitted a proposal to the Crypto Working Group of Securities and Exchange American Commission, arguing for a strategic collaboration on tokenization and web3 regulations.

THE proposal sent to SECOND Calls on a joint effort between the SEC, the Japan Financial Services Agency, the Ministry of Economy, Trade and Industry, and the Bank of Japan to establish regulatory clarity and promote interoperability between the two markets.

The initiative highlights several key objectives, including the development of a Chip classification framework To distinguish token securities, utility tokens and non -to security assets.

It also offers a mechanism of course for tokens projects at an early stage, similar to the models explored in the United States, allowing startups to test their projects in a controlled regulatory environment before complying.

In addition, the Alliance recommends the creation of standards for Transfrining tokens broadcastTrading and guard, aimed at improving regulatory consistency and investor confidence.

The proposal suggests a mutual recognition framework that would allow tokenized offers that can operate transparently between the two countries, reducing legal and tax uncertainties that are currently hindering web3 innovation.

Round table in the United States and Japan

A central element of the proposal is the launch of a US-Japan Web3 regulatory round table. This initiative would facilitate continuous dialogue between regulators, legal experts and industry leaders, ensuring that the two nations can share political developments, case studies and research results.

The Asia Web3 alliance maintains that regulatory uncertainty remains a major challenge for Web3 Startups, in particular to define the chip categories and ensure compliance in several jurisdictions.

The letter indicated that collaboration “would develop advice to distinguish native digital tokens compared to traditional titles issued via blockchain”.

In a next step, the Alliance recommends an initial planning meeting between SEC managers and Japanese regulators and the selection of pilot projects to test cross -border tokenization executives.